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Searching 2023-2024 Session

The Vermont Statutes Online

The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.

NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.

Title 9A : Uniform Commercial Code

Article 002 : Sales

(Cite as: 9A V.S.A. § 2-326)
  • § 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 the statute of frauds section of this article (§ 2—201) and as contradicting the sale aspect of the contract within the provisions of this article on parol or extrinsic evidence (§ 2—202). (Amended 1999, No. 106 (Adj. Sess.), § 7, eff. July 1, 2001.)