(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 chapter (Section 75-2-201) and as contradicting the sale aspect of the contract within the provisions of this chapter on parol or extrinsic evidence (Section 75-2-202).Codes, 1942, § 41A:2-326; Laws, 1966, ch. 316, § 2-326, eff. 3/31/1968; Laws, 2001, ch. 495, § 8, eff. 1/1/2002.
Mississippi Legal Code