The business owner (called the consignor)may return any unsold merchandise to the supplier without obligation.

Name: The business owner (called the consignor)may return any unsold merchandise to the supplier without obligation.
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Question

Quizplus · Accepted Answer

In a consignment arrangement, the supplier (consignor) provides goods to a retailer (consignee) who sells the goods. The consignor retains ownership until the goods are sold. The consignee cannot return unsold goods without an agreement allowing for such returns.

The Business Owner (Called the Consignor)may Return Any Unsold Merchandise