Which one of the following is not an indicator of a consignment arrangement?
A) Consignor controls product until a specific event occurs.
B) Consignor can require the goods be returned.
C) Consignee does not have an unconditional obligation to pay.
D) Consignor cannot require goods to be returned.

Question

Quizplus · Accepted Answer

In a consignment arrangement, the consignor typically retains control over the goods and can require them to be returned, making option D incorrect as an indicator of a consignment arrangement.

Which One of the Following Is Not an Indicator of a Consignment