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LSDefine

Simple English definitions for legal terms

consignee

Read a random definition: compensatory payment

A quick definition of consignee:

A consignee is the person who receives goods from someone else to sell. The person who sends the goods is called the consignor. The consignee takes care of the goods and sells them, but the consignor still owns them until they are sold. After the sale, the consignee pays the consignor some of the money they made. Consignment can also mean when someone else is trusted to store goods, and the person who trusts them is the consignor, while the person who accepts the trust is the consignee.

A more thorough explanation:

A consignee is a person or entity that receives goods from a consignor for the purpose of selling them. The consignee takes care of the goods and sells them on behalf of the consignor. The consignor retains ownership of the goods until they are sold, and the consignee pays the consignor a portion of the sale proceeds.

  • When a clothing store receives merchandise from a designer to sell in their store, the store is the consignee and the designer is the consignor.
  • When a shipping company delivers a package to a specific person or business, that person or business is the consignee and the sender is the consignor.
  • When a person entrusts their belongings to a storage facility, the storage facility is the consignee and the person is the consignor.

These examples illustrate how a consignee is responsible for the care and sale of goods that belong to someone else. The consignor retains ownership until the goods are sold, and the consignee pays the consignor a portion of the sale proceeds. This arrangement allows for the consignor to distribute their goods without having to manage the sales process themselves.

consign | consignment

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General

General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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