Question

which of the following term is true about consignment a. sales of goods b. haypothuotical of goods c. shipment of goods d. mortgage of goods​

Answer 1

Answer:

Explanation:

BEFORE ANSWER IS GIVEN, YOU WILL HAVE TO UNDERSTAND THE CONCEPT OF ABOVE TERMS, WHICH ARE EXPLAINED HEREUNDER:-

A) SALE OF GOODS  >  IT IS A NORMAL SALE TO CUSTOMERS

B) PLEASE CHECK THE SPELLS OF " HAYPOTHUOTICAL" , IF THIS IS HYPOTHECATION OF GOODS> THIS MEANS WHEN GOOD ARE HYPOTHECATED TO BANK FOR SECURING A LOAN AGAINST THE SECURITY OF GOODS, WHEREIN THE POSSESSION IS WITH THE COMPANY ETC.

C) SHIPMENT OF GOODS > MEANS WHEN GOODS ARE SHIPPED

D)MORTGAGE OF GOODS  > MORTGAGE MEANS LOAN FROM A FINANCIAL INSTITUTION HAS BEEN OBTAINED AND MORTGAGE HAS BEEN CREATED AS A SECURITY OF THE GOODS.

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1. CONSIGNMENT IS NOT A SALE OF GOODS

2.IT IS NEITHER A HYPOTHICATION OF GOODS NOR A MORTGAGE OF GOODS.

BUT THE GOODS HAVEN BEEN SHIPPED TO THE CONSIGNER WHEREIN HE WILL SALE THE GOODS