Conn. Gen. Stat. § 42a-2-326

Current with legislation from 2024 effective through June 5, 2024.
Section 42a-2-326 - 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.
(3) Any "or return" term of a contract for sale is to be treated as a separate contract for sale within section 42a-2-201 and as contradicting the sale aspect of the contract within the provisions of section 42a-2-202.

Conn. Gen. Stat. § 42a-2-326

(1959, P.A. 133, S. 2-326; P.A. 01-132, S. 140.)

Cited. 183 Conn. 266. Cited. 34 CS 599.