Goods on consignment are goods shipped by their owner, called the consignee, to another party called the consignor.

Name: Goods on consignment are goods shipped by their owner, called the consignee, to another party called the consignor.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is incorrect. Goods on consignment are goods shipped by the consignor to the consignee for the purpose of sale. The consignee only pays for the goods that are sold, and the remaining unsold goods are returned to the consignor.

Goods on Consignment Are Goods Shipped by Their Owner, Called