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2014 Florida Statutes
SECTION 326
Sale on approval and sale or return; rights of creditors.
Sale on approval and sale or return; rights of creditors.
672.326 Sale on approval and sale or return; rights of creditors.—
(1) Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is:
(a) A “sale on approval” if the goods are delivered primarily for use, and
(b) A “sale or return” if the goods are delivered primarily for resale.
(2) Goods held on approval are not subject to the claims of the buyer’s creditors until acceptance; goods held on sale or return are subject to such claims while in the buyer’s possession.
History.—s. 1, ch. 65-254; s. 572, ch. 97-102; s. 13, ch. 2001-198.
Note.—s. 2-326, U.C.C.