consignment contract

consignment contract
A consignment of goods to another with the understanding that the consignee shall either sell the property for the consignor and remit to him the price, or if he does not sell the property, return the goods to the consignor. 8 Am J2d Bailm § 34. Such a transaction is a bailment for sale. 8 Am J2d Bailm § 34.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • consignment contract — Consignment of goods to another (consignee) for sale under agreement that consignee will pay consignor for any sold goods and will return any unsold goods. A bailment for sale …   Black's law dictionary

  • consignment contract — Consignment of goods to another (consignee) for sale under agreement that consignee will pay consignor for any sold goods and will return any unsold goods. A bailment for sale …   Black's law dictionary

  • consignment — I noun allocation, allotment, appropriation, assignation, assignment, cession, concession, consignation, conveyance, conveyancing, delivering to, dispatchment, distribution, expressage, goods shipped, interchange, merchandise sent, sending,… …   Law dictionary

  • forward contract — Under Title 11 U.S.C. Section 101: (25) The term forward contract means (A) a contract (other than a commodity contract, as defined in section 761) for the purchase, sale, or transfer of a commodity, as defined in section 761(8) of this title, or …   Glossary of Bankruptcy

  • sale — A contract between two parties, called, respectively, the seller (or vendor) and the buyer (or purchaser), by which the former, in consideration of the payment or promise of payment of a certain price in money, transfers to the latter the title… …   Black's law dictionary

  • consign — con·sign /kən sīn/ vt: to entrust (one s goods) to the possession of a dealer to be sold for profit or returned if unsold compare bail, entrust con·sign·ment n con·sign·or /kən sī nər, ˌkän ˌsī nȯr/ n …   Law dictionary

  • task — Synonyms and related words: accuse, affair, agency, agentship, allege, arraign, article, assignment, attempt, authority, authorization, blame, book, bother, brevet, bring accusation, bring charges, bring to book, burden, burden with, business,… …   Moby Thesaurus

  • bailment for sale — A consignment contract. 8 Am J2d Bailm § 34 …   Ballentine's law dictionary

  • German-Austrian Postal Association — The German Austrian Postal Association ( Deutsch Österreichischer Postverein ) started working on July 1, 1850. The administrative prerequisites were already provided by the German Zollverein established in 1834. On October 18, 1847 the… …   Wikipedia

  • Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; …   Financial and business terms

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