NRS 104.2326 Sale on approval and sale or return; rights of creditors.
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NRS 104.2326 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.
3. Any “or return” term of a contract for sale is to be treated as a separate contract for sale within the statute of frauds section of this Article ( NRS 104.2201 ) and as contradicting the sale aspect of the contract within the provisions of this Article on parol or extrinsic evidence ( NRS 104.2202 ).