Sale or return
Defined in 2 dictionaries — Ballentine's (1916), Bouvier (1914)
Ballentine's Law Dictionary
James A. Ballentine · 1916
A contract whereby title passes to the buyer subject to his option to retain it or return it to the seller. See 150 U. S. 312, 37 L. Ed. 1093, 14 Sup. Ct. Rep. 99.
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Contracts of sale or return exist where the privilege of purchase or return is not dependent upon the character or quality of the property sold, but rests entirely upon the option of the purchaser to retain or return; and the title passes to the purchaser subject to his option to return the property; Sturm v. Boker, 150 U. S. 312, 14 Sup. Ct. 99, 37 L. Ed. 1093; upon return the title reverts (a condition subsequent); Tiff. Sales, 93. See Sale.