The inspection period is the length of time, determined in number of calendar days, agreed upon between the buyer and the seller prior to the transaction. It allows the buyer to examine the object of the transaction before the seller is paid. 

The inspection period does not apply in the case of hand-delivery, as the buyer has the option of inspecting the object of the transaction directly.

The inspection period begins as soon as the buyer has received the object of the transaction. The buyer must accept or return the object of the transaction before the end of this period:

  • If the buyer accepts the object of the transaction, the seller is paid and the transaction is completed.
  • If the buyer decides to return the object of the transaction before the inspection period expires, the seller has a period equal to the length of the inspection period from receipt to look for any deterioration. If the object of the transaction is validly returned to the seller, all funds are returned to the buyer.
  • If the inspection period expires without the buyer's knowledge, the funds are paid to the seller and the transaction is completed.

The buyer and seller must ensure that the inspection period is long enough to allow for the possible authentication of the object of the transaction, as well as its verification.

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