Sample

By:
Updated: Aug 20, 2021

A proportion of bulk sent to a prospective customer so that he may decide whether to make a purchase. If he purchases on the basis of the sample, the bulk that he receives must correspond to it. If it does not he may return it, but he must do so promptly or he will be presumed to have accepted it. The Sale of Goods Act 1893 imposes three conditions on a contract for the sale of goods by sample: (1) The buyer must have a reasonable chance of comparing the bulk with the sample; (2) the bulk must correspond with the sample in quality; (3) the goods must be free from any defect not apparent in the sample but making them unmerchantable.

Reference: The Penguin Business Dictionary , 3rd edt.



Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.