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- Consignment abstract "Consignment is the act of consigning, which is placing any material in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of goods to auction, or for sale in a store (i.e., a consignment shop). To consign means to send and therefore consignment means sending goods to another person. In case of consignment goods are sent to the agent for the purpose of sale. The ownership of these goods remains with the sender. The agent sells the goods on behalf of the sender, according to his instructions. The sender of goods is known as consignor and the agent is known as the consignee.Features of consignment are:The relation between the two parties is that of consignor and consignee and not that of buyer and sellerThe consignor is entitled to receive all the expenses in connection with consignmentThe consignee is not responsible for damage of goods during transport or any other procedureGoods are sold at the risk of consignor. The profit or loss belongs to consignor onlyA consignor who consigns goods to a consignee transfers possession but not ownership of the goods to the consignee. The consignor retains title to the goods. The consignee takes possession of the goods subject to a trust. If the consignee converts the goods to a use not contemplated in the consignment agreement, for example selling them and keeping the proceeds of the sale for himself, then the consignee commits the crime of embezzlement.The word consignment comes from the French consigner, meaning "to hand over or transmit", originally from the Latin consignare "to affix a seal", as was done with official documents just before being sent.".
- Consignment wikiPageID "2812669".
- Consignment wikiPageRevisionID "630336528".
- Consignment hasPhotoCollection Consignment.
- Consignment subject Category:Retailing.
- Consignment subject Category:Supply_chain_management.
- Consignment comment "Consignment is the act of consigning, which is placing any material in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of goods to auction, or for sale in a store (i.e., a consignment shop). To consign means to send and therefore consignment means sending goods to another person. In case of consignment goods are sent to the agent for the purpose of sale. The ownership of these goods remains with the sender.".
- Consignment label "Consignação".
- Consignment label "Consignment".
- Consignment label "Dépôt-vente".
- Consignment label "Konsignation".
- Consignment label "Konsinye (pazarlama)".
- Consignment label "Verkoopwinkel".
- Consignment label "Консигнация".
- Consignment label "Консигнация".
- Consignment label "委託販売".
- Consignment label "임치 (법률)".
- Consignment sameAs Konsignation.
- Consignment sameAs Dépôt-vente.
- Consignment sameAs 委託販売.
- Consignment sameAs 임치_(법률).
- Consignment sameAs Verkoopwinkel.
- Consignment sameAs Consignação.
- Consignment sameAs m.0849m0.
- Consignment sameAs Q1368743.
- Consignment sameAs Q1368743.
- Consignment wasDerivedFrom Consignment?oldid=630336528.
- Consignment isPrimaryTopicOf Consignment.