Under a consignment arrangement the
A) consignor has ownership until goods are sold to a customer.
B) consignor has ownership until goods are shipped to the consignee.
C) consignee has ownership when the goods are in the consignee's possession.
D) consigned goods are included in the inventory of the consignee.

Question

Quizplus · Accepted Answer

Under a consignment arrangement, the consignor retains ownership of the goods until they are sold to a third party by the consignee. The consignee acts as an agent, holding and selling the goods on behalf of the consignor, without taking ownership.

Under a Consignment Arrangement the