Examlex
MATCHING
Match the person or term with the with the correct description.
-Hernán Cortés
Conditional Sales Contracts
Agreements that transfer the possession of goods from the seller to the buyer, but not legal ownership until certain conditions, typically final payment, are met.
Sale-on-approval
A transaction in which goods are delivered to a buyer with the understanding that the sale becomes final only if the buyer approves or is satisfied with the products.
Sale-or-return
A commercial arrangement where goods are delivered to a buyer who has the right to return the goods if they are not sold, within a stipulated period.
Voidable Title
A legal condition referring to a situation where a title or ownership can be invalidated at the discretion of one party due to certain conditions, such as fraud.
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