On consignment definition

On consignment means that no title to or estate in the fine art or right to possession of the fine art superior to that of the consignor vests in the consignee, except that the consignee has the power or authority to transfer and convey, to a third person, all of the right, title, and interest of the consignor, in and to the fine art.
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On consignment means that no title to or estate in the goods or right to possession thereof superior to that of the consignor vests in the consignee, notwithstanding the consignee's power or authority to transfer and convey all of the right, title, and interest of the consignor, in and to such goods to a third person.
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On consignment means delivered to an art dealer for the purpose of sale or exhibition, or both, to the public by the art dealer other than at a public auction.
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Examples of On consignment in a sentence

  • On consignment / Utilization basis- Fortnightly payment would be released against the item consumed and settled bills of the patients.

  • PAYMENT:-a) 100% payment will be done on Utiljation of the implant on issueing utilization certificate by the user department.payment will be mae on 30th day from the date of submission of bill.b) On consignment / Utilization basis- Fortnightly payment would be released against the item consumed and settled bills of the patients.c) Bills not received in accordance with the instructions as required on challan / bill (Mentioned above) will not be entertained / processed for payment by the Institute.

  • If a manufacturer sells an article-- • At retail,• On consignment, or• At less than fair market price and in other than an arm’s length transaction, then the tax is to be computed on the highest price for which the article is sold to wholesale distributors, in the ordinary course of trade, by manufacturers as determined by the IRS.

  • Items may be sold one of two ways: 1) On consignment on the market floor 2) Via a pre-order system organized one week prior.

  • On consignment tax, he requested that the decision taken in this regard in 1988-89 may be implemented without imposing any condition.


More Definitions of On consignment

On consignment means delivered to an art dealer for the purpose of sale or exhibition, or both, to the public by the art dealer; and
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On consignment means any receiving or sale of agricultural products for the account of a person, other than the seller, wherein the seller acts as the agent for the owner.
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On consignment means that no title to, estate in, or right
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On consignment means any receipt or sale of grain for the account of a person other than the seller in which the seller acts as the agent for the owner.
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On consignment means delivered to an art dealer for the purpose of
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On consignment means consigned by a supplier outside Malawi to an importer within
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On consignment means that no title to, estate in, or right to possession of, the work of fine art or multiple that is superior to that of the consignor vests in the consignee, notwithstanding the consignee's power or authority to transfer or convey all the right, title and interest of the consignor, in and to such work, to a third person" (Arts and Cultural Affairs Law § 11.01[12]).
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