Examlex
You have resisted getting a Smartphone because you think it is unnecessary.However,your new job requires you to use one.This is an example of:
Goods On Consignment
Goods given to a third party (consignee) to sell, where the original owner (consignor) retains ownership until sale.
Consignor
The entity or person that sends goods to another (the consignee) to be sold, while retaining ownership until the goods are sold.
Consignee
The individual or entity to whom goods are shipped under a consignment agreement, responsible for selling the goods.
Import Duties
Taxes imposed by a government on goods brought into the country, typically to protect domestic industries or generate revenue.
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