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  • The relationship between a consignor and a consignee is that of a principal and an agent
  • Only the possession of goods is transferred and not the ownership
  • Consignee is entitled to reimbursement of all the expenses incurred by him on behalf of the consignor as per the agreed terms
  • Consignee gets remuneration for the services rendered in the form of commission
  • The profit or loss on sale of goods sent on consignment belongs to the consignor

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