Consignment | Practical Law

Consignment | Practical Law

A Practice Note discussing the law of consignment in the US. This Note provides a general overview of consignments under common law and the Uniform Commercial Code (UCC), including the concepts of "sale or return" and "sale on approval" under Article 2, as well as consignments in the context of secured transactions under Article 9. This resource also briefly discusses consignment in the context of vendor managed inventory (VMI) programs.

Consignment

Practical Law Practice Note 2-523-2555 (Approx. 17 pages)

Consignment

by Practical Law Commercial Transactions
MaintainedUSA (National/Federal)
A Practice Note discussing the law of consignment in the US. This Note provides a general overview of consignments under common law and the Uniform Commercial Code (UCC), including the concepts of "sale or return" and "sale on approval" under Article 2, as well as consignments in the context of secured transactions under Article 9. This resource also briefly discusses consignment in the context of vendor managed inventory (VMI) programs.