Which of the Following Is True of a Consignment Agreement

question 47

Multiple Choice

Which of the following is true of a consignment agreement?

• A) If a manufacturer delivers all goods to its dealers on a consignment basis, the goods become the property of the dealer.
• B) The owner of goods delivers them to another who is to act as the owner's agent in selling the goods.
• C) If a manufacturer delivers all goods to its dealers on a consignment basis, the dealer cannot lawfully fix the price of those goods.
• D) It is always held to be joint action.

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Definitions:

Demanding

Requiring a lot of effort, skill, or attention to detail; often associated with challenging situations or requests.

Social Construction

The theory that much of what is perceived as "reality" is shaped through cultural and interpersonal consensus rather than inherent qualities.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood (age of majority).

Social Construction

A theory in sociology that posits that many aspects of our lives and society are created and maintained through collective human agreement.