Psikotes ist
Thus where the consignee gets del -credere commission, he guarantees the payment from consignment debtors. Del-Credere Commission – It is additional commission paid by the consignor to the consignee for bearing the loss on A/c of bad debts in case of credit sale of consignment stock. Besides the normal commission, Consignee may be allowed following commission also. It is usually calculated as an agreed percentage on gross proceeds of sale. Ordinary Commission – It is remuneration of the consignee relating to services performed in connection with the selling of goods on be½ of consignor. Buyer does not receive any commission.Ĭoncept 4 - Types of Commission 1. Goods can be returned except in case of breach of condition of sale.
Consignee receives commission on sale of goods.
Goods can be retuned by the consignee if remained unsold. It is of consignor since risk follows Ownership. in case In sale, goods goods may be delivered at a later of consignment. Definition (consignee) sell goods on be ½ of other buyer for a price. Concept 3 - Difference between Consignment and Sale Basis Consignment Sale The process whereby one person Transfer of goods or property by seller to 1. Concept 2 - Parties of Consignment Consignor: The person who is sending the goods (principal) Consignee: The person who receives the goods and sends them on commission basis. The consignee receives sale proceeds and pays expenses on be½ of the consignor. Consignor remains the owner of the goods until the goods are sold by the consignee to the final customer. The legal relation between the consignor and the consignee is that of principal and agent. The person sending the goods is called cal led the ‘Consignor’ and the person to whom the goods are sen s entt is called the ‘Consignee’. Concept 1 - Meaning of Consignment Consignment is dispatched of goods by one person (or firm) to other person (or firm) on the basis that goods will be sold by the latter on behalf of and at the risk of the former in consideration of commission.