Carol's mother died and Carol inherited a lot of large valuable antique furniture. Carol does not have any room in her apartment for this furniture so she wants to sell it
She goes to Elite Antiques, a well-known antique store and they agree that Carol can put the furniture in their store and Elite will try to sell the furniture. If the furniture sells Elite will get 40% of the sale price and Carol will get 60%. This is an example of
A) a financing lease
B) a consignment
C) an assignment
D) a conditional sales contract
E) a receivership
B
You might also like to view...
A majority of the board of directors must be present to constitute a _________. Can be present by telephone or web conference.
Fill in the blank(s) with the appropriate word(s).
Enforcing laws against ________ is complicated because such practices are similar to the legal practice of "trading up."
A) price bundling B) captive pricing C) bait-and-switch tactics D) prestige pricing E) placebo effect pricing