2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 72
72.3260 Sale on approval and sale or return; 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 ORS 72.2010 relating to the statute of frauds and as contradicting the sale aspect of the contract within the provisions of ORS 72.2020 on parole or extrinsic evidence. [1961 c.726 72.3260; 1967 c.395 1; 1993 c.756 1; 2001 c.445 134]
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