Examlex
Discuss the concept of preventive detention. What are its intended benefits?
Consignment
An arrangement where goods are left in the possession of another party to sell, but the consignor retains ownership until the goods are sold.
On Approval
A conditional agreement for the sale of goods where the buyer is not obligated to complete the purchase unless they approve of the goods.
Risk of Loss
The responsibility for damage or loss of goods during a transaction or while in transit.
Inspected
Examination or review of a condition or situation, often for compliance or quality control.
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