Consignment
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Is there generally a set amount of time that items are placed in consignment with another company or does it just stay in their stock until sold. And if there is a time frame for the items what happens if the items are not sold within that time frame. Will the company holding the items be charged finance charges on these items?
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Solution Summary
The solution discusses the various types of consignment agreements.
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Each consignment is different.
Some consignments are for a set amount of time: 30 days, 60 days, 90 days, etc. After the agreed upon time has expired, the ...
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