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LSDefine

Simple English definitions for legal terms

sale on approval

Read a random definition: off-board

A quick definition of sale on approval:

Sale is when someone gives something to another person in exchange for money. It's like when you sell your old toys to your friend for some money. There are different types of sales, like when you buy something and pay for it right away, or when you buy something on credit and pay for it later. Sometimes, a sale can be cancelled if the buyer doesn't like what they bought. This is called a sale on approval. There are also sales where the seller keeps ownership until the buyer pays the full price, and sales where the buyer can return the item if they can't sell it.

A more thorough explanation:

Definition: A type of sale where the buyer has the right to approve the goods before completing the transaction. The seller retains ownership and risk of loss until the buyer approves the goods.

Example: John wants to buy a new laptop from a store. The store offers a sale on approval, so John can take the laptop home and use it for a few days. If he likes it, he can complete the purchase. If he doesn't like it, he can return it to the store, and the seller will take back ownership of the laptop.

Explanation: In this example, the sale is not complete until John approves the laptop. The seller retains ownership and risk of loss until John decides to keep the laptop. This type of sale is beneficial for buyers who want to test the product before committing to the purchase.

sale of land | sale on credit

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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
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