A True Consignment

question 15

Multiple Choice

A true consignment

• A)is a situation in which ownership is held by the consignee until the item is sold.
• B)is a type of lease.
• C)involves an immediate transfer of title between the consignor and consignee.
• D)is a type of security interest.
• E)is an arrangement where ownership remains with the consignor until the goods are sold and the consignee is not obliged to pay anything to the consignor until the goods are sold.

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Definitions:

Foreign Cars

Vehicles manufactured outside the country where they are sold, often imported and subject to different regulations and taxes.

Origin

The point or place where something begins, arises, or is derived, often used in mathematics to denote the starting point of a coordinate system.

Driver

In general terms, an individual who operates and controls a vehicle.

University

An institution of higher education and research, which awards academic degrees in various disciplines and provides both undergraduate education and postgraduate education.