Illinois Compiled Statutes 810 ILCS 5/2-327 – Special incidents of sale on approval and sale or return
Current as of: 2024 | Check for updates
|
Other versions
(1) Under a sale on approval unless otherwise agreed
(a) although the goods are identified to the contract
(a) although the goods are identified to the contract
|
the risk of loss and the title do not pass to the buyer until acceptance; and
|
(b) use of the goods consistent with the purpose of
|
trial is not acceptance but failure seasonably to notify the seller of election to return the goods is acceptance, and if the goods conform to the contract acceptance of any part is acceptance of the whole; and
|
(c) after due notification of election to return, the
|
return is at the seller’s risk and expense but a merchant buyer must follow any reasonable instructions.
|
(2) Under a sale or return unless otherwise agreed
Terms Used In Illinois Compiled Statutes 810 ILCS 5/2-327
- Buyer: means a person who buys or contracts to
buy goods. See Illinois Compiled Statutes 810 ILCS 5/2-103 | ||||||
|