§ 34.1-2-326 — Sale on approval and sale or return; consignment sales and rights of creditors

Wyoming § 34.1-2-326

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 2: SALES

Text

(a) Unless otherwise agreed, if delivered goods may be
returned by the buyer even though they conform to the contract,
the transaction is:
(i) A "sale on approval" if the goods are delivered
primarily for use; and
(ii) A "sale or return" if the goods are delivered
primarily for resale.
(b) 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.
(c) Repealed By Laws 2001, Ch. 137, § 4.
(d) 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 34.1-2-201) and as
contradicting the sale aspect of the contract within the
provisions of this article on parol or extrinsic evidence
(section 34.1-2-202).