A holder of goods who is not a seller or a buyer is referred to as a(n) ________.

Question

Quizplus · Accepted Answer

A bailee is someone who temporarily holds goods in their custody without being the owner or seller. A consignor is a person who gives goods to a consignee to sell on their behalf, while a consignee is a person who receives and sells goods on behalf of a consignor. A broker is a person who facilitates a transaction between a buyer and a seller but does not own the goods. Therefore, the best choice for this question is C - bailee.

A Holder of Goods Who Is Not a Seller or a Buyer