A(n)____ is a delivery of possession of personal property to an agent for sale by the agent.
A) sale on approval
B) consignment
C) sale or return
D) None of these.

Question

Quizplus · Accepted Answer

Consignment is a delivery of possession of personal property to an agent for sale by the agent. This means that the owner of the property retains ownership until the agent sells it, at which point the agent receives a commission. The agent does not pay the owner for the property until it is sold. Sale on approval and sale or return involve the actual sale of the property, with the buyer either having the option to return it or only paying for it after a trial period.

A(n)____ Is a Delivery of Possession of Personal Property to an Agent