Solution-Which does not indicate that transaction is a

Which does not indicate that transaction is a consignment

Reference no: EM132819845

Problem 1: During the period ABC Co. transfers goods to XYZ, Inc. Which of the following does not indicate that the transaction is a consignment arrangement?

Option 1: ABC Co. can require the return of any unsold goods within 60 days.

Option 2: If XYZ, Inc. is not satisfied with the goods, XYZ, Inc. has the right to return them to ABC Co.

Option 3: ABC Co. retains legal title over the goods until XYZ, Inc. sells them to third parties.

Option 4: ABC Co. can require XYZ, Inc. to transfer the goods to 123 Corporation.

Reference no: EM132819845

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Which does not indicate that transaction is a consignment

Reference no: EM132819845

Reference no: EM132819845

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