A Co.,a local importer of steel ingots,enters into a contract with B Co.,a large wholesaler of steel,to supply B Co.with ten 50-pound steel ingots,which B Co.will try to sell on behalf of A Co.; B Co.is to return to A Co.any unsold ingots.In this situation,the agreement is

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The agreement between A Co. and B Co. is a consignment agreement, where A Co. is the consignor and B Co. is the consignee. A Co. is the owner of the ingots and has not yet sold them to B Co. B Co. will try to sell the ingots on behalf of A Co. and will return any unsold ingots back to A Co. Therefore, it is not an agreement to sell, sale agreement or an agreement of purchase and sale as the ownership of the ingots has not been transferred to B Co. It is also not an option agreement, as there is no option for B Co. to purchase the ingots.

A Co,a Local Importer of Steel Ingots,enters into a Contract with with B