In a Sale or Return Transaction, Until the Actual Return

question 5

True/False

In a sale or return transaction, until the actual return of the goods is made, title and risk of loss remain with the buyer.

---

Definitions:

Physically Delivered

A term used in derivative markets indicating that upon contract expiration, the actual underlying asset is delivered rather than a cash settlement.

Identification

the act of determining or verifying the identity of a person or object, often through documents like ID cards or digital means.

Shipped

Refers to goods that have been transported from one location to another, usually through the use of a carrier or logistical service.

Specific Goods

Goods that are identified and agreed upon at the time a contract of sale is made.