Which of the following is an example of a consignment?
A)A sells 10 sacks of wheat to B at the market price.
B)A delivers a motorcycle to B for servicing.
C)A sends a shipment of farm produce to B for sale.
D)A sends one ton of wheat to B's warehouse for storage.

Question

Quizplus · Accepted Answer

In a consignment, goods are sent by their owner (the consignor) to another party (the consignee) for the purpose of selling those goods. The consignee sells the goods on behalf of the consignor and earns a commission on the sale. Option C, where A sends a shipment of farm produce to B for sale, fits this description.

Which of the Following Is an Example of a Consignment