Information about Consignment

Consignment is the act of consigning, which is placing a person or thing in the hand of another, but retaining ownership until the goods are sold or person is transferred. This may be done for shipping, transfer of prisoners, or for sale in a store (i.e. a consignment shop). In the context of sale, it is usually understood that the consignee (the consignment seller or the party to which goods are sent) pays the consignor (the person with items to sell or the party by which the goods are consigned) only after the sale, from its proceeds.

Consignment shops

Consignment shops are second-hand stores that offer used goods at a lower price than new. Many offer new items as well. The dealer pays the seller upon sale of the goods. Merchandise often sold through consignment shops include antiques, athletic equipment, automobiles, books, clothing (especially children's, maternity, and wedding clothing which are often not worn out), furniture, firearms, music, musical instruments, tools, and toys. eBay drop off stores often use the consignment model of selling. Art galleries, as well, often operate as consignees of the artist.

Consignment shops differ from charity or thrift shops in that the original owner retains some of the revenue from the sale, rather than donating it to the charity. They differ from pawnbrokers, which acquire the good from the original owner in exchange for money or a loan of money.

In the UK, the term "consignment" is not used, and consignment shops selling women's clothing are called "dress agencies". Although the other types of consignment shop exist, there is no general term for them.

Etymology

Consignment comes from consign, Fr. consigner, Lat. consignare, to affix a signum, seal; whence, in Late Lat., to hand over, transmit..

Further reading

  • Holmes, Kate (2006). Too Good to be Threw: The Complete Operations Manual for Resale & Consignment Shops. Katydid Press. ISBN 0-9755886-1-3.  (Spiralbound, 202 pages)
  • Nissanoff, Daniel (2006). FutureShop: How the New Auction Culture Will Revolutionize the Way We Buy, Sell and Get the Things We Really Want. The Penguin Press. ISBN 1-59420-077-7.  (Hardcover, 246 pages)

References

Shipping is physical process of transporting goods and cargo. Virtually every product ever made, bought, or sold has been affected by shipping. Despite the many variables in shipped products and locations, there are only three basic types of shipments: land, air, and sea.
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Sales are the activities involved in providing products or services in return for money or other compensation. It is an act of completion of a commercial activity.[1]
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In a contract of carriage, the consignee is the person to whom the shipment is to be delivered whether by land, sea or air.

A brief statement of law

This is a difficult area of law in that it regulates the mass transportation industry which cannot always guarantee arrival
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The consignor, in a contract of carriage, is the person sending a shipment to be delivered whether by land, sea or air. Some carriers, such as national postal entities, use the term "sender" or "shipper" but in the event of a legal dispute the proper and technical term "consignor"
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IMDb profile
Second-Hand was a 2005 Romanian film directed by Romanian director Dan Piţa.

Plot summary

The film's plot surrounds the romantic involvement of two contrasting characters: Petre (Mihai Călin), a Mafioso, and Andreea (Alexandra
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second-hand or used good is one that is being purchased by or otherwise transferred to a second or later end user. A used good can also simply mean it is no longer in the same condition as it was when it was first transferd to the current end user.
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antique (Latin: antiquus; old) is an old collectible item. It is collected or desirable because of its age, rarity, condition, utility, or other unique features. It is an object that represents a previous era in human society.
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Sports equipment includes any object used for sport or exercise.

Examples for sports include balls, goals, sticks for hockey and lacrosse, bats, wickets and bails for cricket, nets for tennis, volleyball and badminton.
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automobile (from Greek auto, self and Latin mobile moving, a vehicle that moves itself rather than being moved by another vehicle or animal) or motor car (usually shortened to just car) is a wheeled passenger vehicle that carries its own motor.
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A book is a set or collection of written, printed, illustrated, or blank sheets, made of paper, parchment, or other material, usually fastened together to hinge at one side. A single sheet within a book is called a leaf, and each side of a sheet is called a page.
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worldwide view of the subject.
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Furniture is the collective term for the movable objects which may support the human body (seating furniture and beds), provide storage, or hold objects on
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firearm is a device that can be used as a weapon that fires either single or multiple projectiles propelled at high velocity by the gases produced through rapid, confined burning of a propellant. This process of rapid burning is technically known as deflagration.
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A musical instrument is a device constructed or modified with the purpose of making music. In principle anything that, produces sound, and can somehow be controlled by a person playing it, can serve as a musical instrument.
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tool or device is a piece of equipment which typically provides a mechanical advantage in accomplishing a physical task, or provides an ability that is not naturally available to the user of a tool. The most basic tools are simple machines.
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toy is an object used in play. Toys are usually associated with children and pets, but it is not unusual for adult humans and some non-domesticated animals to play with toys.
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eBay Inc.

Public (NASDAQ:  EBAY )
Founded San Jose, California, USA (September 3, 1995)
Headquarters San Jose, California, USA

Key people Meg Whitman, CEO & President
Pierre Omidyar, Founder and Chairman
John Donahoe, Chief of eBay Marketplace
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charity shop, second-hand store (U.K.), thrift shop, thrift store, hospice shop (U.S., Canada), resale shop (when not meaning consignment shop (U.S.)), or op shop (Australia/N.Z.
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charity shop, second-hand store (U.K.), thrift shop, thrift store, hospice shop (U.S., Canada), resale shop (when not meaning consignment shop (U.S.)), or op shop (Australia/N.Z.
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pawnbroker offers monetary loans in exchange for an item of value to the given pawn broker. The word pawn is derived from the Latin pignus, for pledge, and the items having been pawned to the broker are themselves called pledges or pawns
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Black's Law Dictionary is the law dictionary for the law of the United States. It was founded by Henry Campbell Black. It has been cited as legal authority in many Supreme Court cases (see Secondary authority).
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