Colorado § 4-2-326 Sale on approval and sale or return - rights of creditors

Colorado Statutes

§ 4-2-326 — Sale on approval and sale or return - rights of creditors

Colorado § 4-2-326

Title 04Uniform

Art.Sales

This text of Colorado § 4-2-326 (Sale on approval and sale or return - rights of creditors) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-2-326 (2026).

Text

(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 (section 4-2-201) and as contradicting the sale aspect of the contract within the provisions of this article on parol or extrinsic evidence (section 4-2-202).

(4)The pr

Free access — add to your briefcase to read the full text and ask questions with AI

(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 (section 4-2-201)
and as contradicting the sale aspect of the contract within the provisions of this
article on parol or extrinsic evidence (section 4-2-202).

(4) The provisions of this section shall not apply to the placement of works of
fine art on consignment, which shall be governed by the provisions of part 1 of
article 15 of title 6.

Legislative History

Source: L. 65: p. 1317, � 1. C.R.S. 1963: � 155-2-326. L. 82: (5) added, p. 231, � 2, effective March 25. L. 2001: Entire section amended, p. 1436, � 20, effective July 1. L. 2017: (4) amended, (HB 17-1241), ch. 163, p. 605, � 5, effective August 9.