{"data":{"id":"us-ar/ark.-code-ann.-4-2-326","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-2-326","heading":"Sale on approval and sale or return — Rights of creditors.","body":"(1) Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is\n(a) a “sale on approval” if the goods are delivered primarily for use, and\n(b) a “sale or return” if the goods are delivered primarily for resale.\n(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.\n(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 (§ 4-2-201) and as contradicting the sale aspect of the contract within the provisions of this chapter on parol or extrinsic evidence (§ 4-2-202).","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 2 Sales","Part 3 — General Obligation and Construction of Contract"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"174a1258063b1b0e672241a71351cfdb030549fef1969806c80e22a652909e37","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-2-325","next":"us-ar/ark.-code-ann.-4-2-327"},"notice":"GroundRules: Original legal text. Not legal advice."}