Ariz. Rev. Stat. § 47-2326

Current through L. 2024, ch. 259
Section 47-2326 - Sale on approval and sale or return; rights of creditors
A. Unless otherwise agreed, if delivered goods may be returned by the buyer even though they conform to the contract, the transaction is:
1. A "sale on approval" if the goods are delivered primarily for use, and
2. A "sale or return" if the goods are delivered primarily for resale.
B. 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.
C. 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 47-2201) and as contradicting the sale aspect of the contract within the provisions of this chapter on parol or extrinsic evidence (section 47-2202).

A.R.S. § 47-2326