| Commentary

393 Returned stock and sale or return stock

| Commentary

393 Returned stock and sale or return stock

A distributor will normally wish to cover the possibility that items of product may be returned by the distributor's customers. A distributor will normally wish to cover its liability in respect of items of product returned by the distributors and customers because they are damaged. The distribution agreement may require the distributor to insure goods in transit, in which case the distributor should assume liability for the sale price and any administration costs. Where items of product are returned because they have been supplied in error by the distributor, the distributor should

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