Asked by
Miguel Jauregui
on Nov 14, 2024Verified
Consigned goods are held for sale by one party, although ownership of the goods is retained by another party.
Consigned Goods
Items given to a third party to sell on behalf of the owner, but the owner retains ownership until the goods are sold.
Ownership
The legal right or state of having full possession and control over property, assets, or a company.
- Understand the concept and implications of consigned goods.
Verified Answer
MS
Learning Objectives
- Understand the concept and implications of consigned goods.