difference between consignment and sale?
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The parties to a consignment are consignor and consignee whereas the parties to the sale are buyer and seller. ... In consignment, only the possession of goods transfers not the ownership. On the other hand, in the sale, both the ownership and possession are transferred to the buyer.
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The parties to a consignment are consignor and consignee whereas the parties to the sale are buyer and seller. ... In consignment, only the possession of goods transfers not the ownership. On the other hand, in the sale, both the ownership and possession are transferred to the buyer.
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