Moto Company sells new and used motorcycles.Some of the motorcycles are held on consignment,including six consigned by Nu Cycles,Inc.While the cycles are in Moto's possession,title to them is held by

Question

Quizplus · Accepted Answer

When the motorcycles are held on consignment, Nu Cycles, Inc. retains title ownership until the motorcycles are sold. Moto only has possession of the motorcycles to sell them on behalf of Nu Cycles, Inc. Therefore, option B is the correct choice as Moto only has possession and not ownership of the motorcycles.

Moto Company Sells New and Used Motorcycles