Considering Consignment? Know What You Are Getting Into | Practical Law

Considering Consignment? Know What You Are Getting Into | Practical Law

The term consignment is fraught with potential ambiguity. This Article discusses the purposes of entering a consignment agreement, the concepts of sale or return and sale on approval under Article 2 of the Uniform Commercial Code (UCC) and how consignments are treated under Article 9 of the UCC.

Considering Consignment? Know What You Are Getting Into

Practical Law Article 0-591-6807 (Approx. 9 pages)

Considering Consignment? Know What You Are Getting Into

by Practical Law Commercial
Published on 09 Dec 2014USA (National/Federal)
The term consignment is fraught with potential ambiguity. This Article discusses the purposes of entering a consignment agreement, the concepts of sale or return and sale on approval under Article 2 of the Uniform Commercial Code (UCC) and how consignments are treated under Article 9 of the UCC.