Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it. She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of

Question

Quizplus · Accepted Answer

This arrangement is a consignment, where Carol places her furniture with Elite Antiques to sell on her behalf, and they split the proceeds according to their agreement.

Carol's Mother Died and Carol Inherited a Lot of Large