* Consignment Agreement

Consignment is the act of consigning, which is placing a person or thing 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 prisoners, or for sale in a store (e.g. a Consignment shop). In the context of sale it is usually understood that the consignee (the party to which goods are sent or the consignment seller) pays the consignor (the party by which the goods are consigned or the person with items to sell) only after the sale, from its proceeds. Consignment shops are second-hand stores that offer used goods at a lower price than new. Many offer new items as well. The dealer pays the seller upon sale of the goods. Merchandise often sold through consignment shops include antiques, athletic equipment, automobiles, books, clothing (especially children's, maternity, and wedding clothing which are often not worn out), furniture, music, musical instruments, tools, and toys. EBay drop off stores often use the consignment model of selling.

Size : 38 kb
Words : 1996
Pages. : 5
Language : English
Document type : .doc (Microsoft Word)

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