Question

Commision will be shared by ____________.
a. consignor and consignee
b. only consignor
c. only consignee
d. consumer ​

Answer 1

Answer: c. only consignee

Explanation:

Only consignee gets the commission because commission is the amount of money to be given to the person who sells the goods.

CONSIGNOR

The consignor assigns goods to a consignee.

The consignor does not sell the goods.

Hence, consignor does not get commission.

CONSIGNEE

The consignee sells the good assigned to him by the consignor.

The duty of the consignee is to sell the goods

Hence, the consignee is entitled with the commission.

CONSUMER

Consumer is a person who buys the goods sold by the consignee.

Hence, consumer does not get commission.

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Answer 2

Answer:

Commission will be shared by only consignee

Explanation:

The consignor pays the consignee a commission for selling the items on his behalf. It is therefore only shared by the consignee.

Consignee:

• The individual or business to whom products or documents are formally delivered or sent.
• Taking ownership of the goods before transferring them to the final consignee, a freight forwarder is an intermediate consignee.

Role of consignee:

• The person that places the cargo order is known as the consignee, and in shipping documents like a bill of lading, the consignee is typically a customer.
• For the purposes of completing a customs declaration and paying duties and taxes, the consignee is the owner of the shipment.

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