In a Consignment Contract,the Consignee

question 1

Multiple Choice

In a consignment contract,the consignee:

• A) holds title.
• B) takes the goods intending to resell them, and the goods are subject to the claims of the creditors of the consignee.
• C) is the party who leaves goods with the consignor to be resold.
• D) cannot transfer title since the consignor retains the title.

---

Definitions:

Skateboards

Wheeled boards used for recreational and sporting activities, which require balance and skill to operate.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefit to society from the production and consumption of goods or services.

Trade

Trade involves the exchange of goods and services between people or entities, either within a country or internationally, and is a fundamental aspect of the global economy.

Skateboards

Wheeled boards used for skateboarding, a recreational activity, sport, or mode of transportation.