Question

In the absence of agreement, the loss of goods in consignee godown is borne by
a)Consignor
b)Consignee
c)Both a & b
d)Insurance Company

Answer 1

option ➡️c) Both a&b

Hope this helps you

Answer 2

Answer:

The Correct Option is A) Consignor

Explanation:

We use consignor and Consignee in consignment Accounting.

Consignment accounting is a type of business arrangement in which one person send goods to

another person for sale on his behalf and the person who sends goods is called consignor and

another person who receives the goods is called consignee, where consignee sells the goods

on behalf of consignor on consideration of certain percentage on sale.

without agreements between two parties,when the loss of goods in consignee godown is borne by Consignor..

There is a pre-agreement between the consignor and consignee for terms and conditions of the consignment.

without agreement only Consignor is responsible for the goods .