The transfer of possession of goods from one person to another for the purpose of offering the goods for sale is an example of bailment by consignment.

Question

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This statement is true. Bailment by consignment is a type of bailment where the bailor (owner of the goods) transfers possession of goods to the bailee (consignee) for the purpose of selling them. The consignee only becomes the owner of the goods if they are successfully sold, and any unsold goods are returned to the bailor.

The Transfer of Possession of Goods from One Person to Another