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Consign

Law ConsiderationConsignee

Consign 1) To give goods to another to sell; profits from the sale are generally divided between the seller and the original owner. 2) To give goods to a carrier for delivery. 3) To give over to the custody or care of another. 4) To be destined ...

 


CONSIGNMENT - Merchandise shipped to a foreign agent or customer when an actual purchase has not been made, but under an agreement obliging the consignee to pay the consignor for the goods when sold.

Consignee: A person or business holding another's goods for sale or for delivery to a designated agent.
Consignment: The act of consigning goods to one who will sell them for the owner or transport them for the owner.

Consignee: the person to whom cargo is consigned as stated on the bills of lading.
Consignor: the person named in the bill of lading as the one from whom the goods have been received for shipment.

Consign:
To hand over or give poccession of an asset to someone.
Construction:
The legal process of interpreting a phrase or document; of trying to find it's meaning.

Consignment: Delivery of goods from the owner to another party ("consignee") to be sold by the consignee for the benefit of the owner.
Consistent: In agreement with; not contradictory.

Consign
To leave an item of property in the custody of another. A item can be consigned to a transportation company, for example, for the purpose of transporting it from one place to another.

Consign. Latin con-signare, to mark, seal: to register, attest. In civil law, for a debtor, under the direction of a court, to deposit with a third person an article of property for the benefit of a creditor.
Constituent. See Agent.

consign
v. 1) to deliver goods to a merchant to sell on behalf of the party delivering the items, as distinguished from transferring to a retailer at a wholesale price for re-sale. 2) to deliver to a carrier to be taken to an agent of the sender.

Consign
Definition - Transitive Verb
: to entrust (one's goods) to the possession of a dealer to be sold for profit or returned if unsold
compare bail entrust
Pronunciationk&n-'sIn ...

Consignment
Consignor
Consolidated Omnibus Budget Reconciliation Act (COBRA) ...

Whenever any consignee or factor, having possession of merchandise, with authority to sell the same, or having possession of any bill of lading, permit, certificate, receipt, or order, for the delivery of merchandise, with the like authority, ...

"Every bill of lading in the hands of a consignee or endorsee for valuable consideration, representing goods to have been shipped on board a vessel or train, ...

The merchandise entrusted to the factor is called a consignment, and a factor is often synonymously called a consignee.

(n) Bill of Lading is the official document prepared by the carrier duly accepting the goods for shipment containing information like item, quantity, value, vessel details, date, port, consigner , consignee etc.

FACTOR
contracts. An agent employed to sell goods or merchandise consigned or delivered to him by, or for his principal, for a compensation commonly called factorage or commission.... more ...

See also: Law, Right, Person, Goods, State

Law ConsiderationConsignee

 
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