commercial consignment definition

commercial consignment means a consignment where a consignor has reserved an interest in goods that the consignor has delivered to the consignee for the purpose of sale, lease or other disposition and both the consignor and consignee deal in the ordinary course of business in goods of that description, excluding an agreement under which goods are delivered to an auctioneer for sale;

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commercial consignment means a consignment under which goods are delivered for sale, lease, or other disposition to a consignee, who, in the ordinary course of the consignee's business, deals in goods of that description, by a consignor who

commercial consignment means a consignment where —

More Definitions of commercial consignment

commercial consignment means a transaction, regardless of the form or terminology used in the agreement, in which a person (the consignor) delivers goods for the purpose of sale to a merchant (the consignee) that deals in goods of that kind under a name other than that of the consignor, but the term excludes a transaction in which—

commercial consignment means a consignment where a consignor reserves an interest in the tangible assets that the consignor delivers to the consignee for the purpose of sale, lease or other disposition and both the consignor and consignee in the ordinary course of business, deal in those assets;

commercial consignment. : means a consignment under which goods are delivered for sale, lease or other disposition to a consignee who, in the ordinary course of the consignee’s business, deals in goods of that description, by a consignor who (a) in the ordinary course of their business, deals in goods of that description, and (b) reserves an interest in the goods after they have been delivered, but does not include an agreement where goods are delivered to (d) to a consignee if it is generally known to Cs of the consignee that the consignee is in the business of selling or leasing goods of others This includes not only the Cs that are actually known, but also notional Cs that are potentially unknown. Furmanek v Community Futures

commercial consignment means a consignment under which goods are delivered to… a consignee who, in the ordinary course of the consignee’s business, deals in goods of that description, by a consigner who

commercial consignment means a transaction regardless of the form or terminology used in the contract, in which a person (the “consignor”) delivers goods for the purpose of sale to a merchant (the “consignee”) who deals in goods of that kind under a name other than that of the consignor and who is not an auctioneer

Related to commercial consignment

Consignment means products which are either sent simultaneously from one exporter to one consignee or covered by a single transport document covering their shipment from the exporter to the consignee or, in the absence of such a document, by a single invoice;
Special construction and forestry equipment means any vehicle which is designed primarily for
Consignment Price is $100,000 and consignor retains 0%, Consignor will receive $100,000. “Consignment Price” is $100,000 and consignor retains 40%, Consignor will receive $60,000 in cash and 40% in equity in the Series LLC.
Consigned Inventory means Inventory of any Borrower that is in the possession of another Person on a consignment, sale or return, or other basis that does not constitute a final sale and acceptance of such Inventory.
Obsolete Inventory means items that have expired, are redundant or damaged;