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Features

  • There is no actual sale; goods are sent only on approval basis
  • The transaction generally takes place between the wholesaler and the retailer
  • The ownership is passed only when the customer gives his approval
  • The buyer is given a stipulated time within which he has to send his approval or return the goods to the seller or inform the seller about his disapproval of goods
  • The customer is not liable to pay for the goods sent to him

 





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