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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-2-326: Sale on Approval and Sale or Return; Consignment Sales

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  1. OK Code
  2. Title 12A

and Rights of Creditors.

Sale on Approval and Sale or Return; Consignment Sales and

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 (Section 2-201 of this title) and as

contradicting the sale aspect of the contract within the provisions

of this article on parole or extrinsic evidence (Section 2-202 of

this title).

Collected 2026-09-14T18:32:36Z. Source file · JSON

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