Considering the methods of selling, which statement accurately reflects "Sale on Approval or Return"?

(1) Sale on Approval or Return involves allowing customers to buy products without any intention to return them.

(2) Sale on Approval or Return is solely focused on selling products in bulk to wholesale buyers.

(3) Sale on Approval or Return gives customers the option to return products within a specified period if they are not satisfied.

(4) Sale on Approval or Return requires customers to make an immediate purchase decision without any consideration.

1. Only 1
2. 2 & 3
3. Only 3
4. 3 & 4

Only 3.

Reason — Under Sale on Approval or Return, the seller sends the goods to the buyer; after checking them the buyer may decide to buy them or return them back to the seller. Hence, only Statement 3 is correct.