A sale-on-approval contract occurs when the seller and buyer agree that the buyer may return the goods at a later time. A sale-on-approval contract occurs when the seller and buyer agree that the buyer may return the goods at a later time. false true

Respuesta :

Based on the definition of a sale-on-approval contract, it is indeed TRUE that a buyer can return the goods later.

As sale-on-approval contract:

  • Means that the buyer receives goods but have to test it first to know if they can accept it
  • Means that the buyer can return the goods to the seller if they do not accept the gods

After the buyer tests the goods bought via a sale-on-approval contract, they then have the choice to keep it and pay for it or send it back to the seller.

In conclusion, a sale-on-approval contract allows a buyer to return the good at a later date.

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