What is CONSIGNMENT? Definition of CONSIGNMENT in Black's Law Dictionary - Legal dictionary - Glossary of legal terms.
The act or process of consigning goods; the transportation of goods consigned; an article or collection of goods sent to a factor; goods or property sent, by the aid of a common carrier, from one person in one place to another person in another place; something consigned and shipped. See Consign. In re Taylor, D.C.Mich., 46 F.2d 326, 328.
Feature which distinguishes "conditional sale" from "consignment" is that in the former the purchaser undertakes an absolute obligation to pay for the goods, whereas the latter is nothing more than a bailment for sale. In re Sachs, D.C.Md., 31 F.2d 799, 800.
In stockyard parlance, all the livestock of one species delivered in the name of one person to one market agency to be offered for sale during the trading hours of one day. Acker v. U. S., D.C.I11., 12 F.Supp. 776, 780. Mutual Transfer Corporation of Galax v. Commonwealth, 172 Va. 622, 1 S.E.2d 477, 479.
More On This Topic: BAILMENT
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That's the definition of CONSIGNMENT in Black's Law Dictionary - Legal dictionary - Glossary of legal terms. Courtesy of Cekhukum.com.
