A consignment is similar to a sale or return but normally results in a bailment rather than a sale.

Name: A consignment is similar to a sale or return but normally results in a bailment rather than a sale.
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Question

Quizplus · Accepted Answer

A consignment involves temporary transfer of goods from a consignor to a consignee, who agrees to sell the goods on behalf of the consignor and return any unsold goods. This results in a bailment rather than a sale as ownership of the goods remains with the consignor until they are sold.

A Consignment Is Similar to a Sale or Return but Normally