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Commercial Consignment Contract Overview

A commercial consignment contract involves a consignor who provides goods to a consignee for sale, with the ownership remaining with the consignor until sold. The consignor must be the owner or legally authorized representative of the goods, and they are responsible for establishing the value of the goods. The contract requires written agreement and involves obligations for both parties regarding possession and ownership transfer.

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11 views2 pages

Commercial Consignment Contract Overview

A commercial consignment contract involves a consignor who provides goods to a consignee for sale, with the ownership remaining with the consignor until sold. The consignor must be the owner or legally authorized representative of the goods, and they are responsible for establishing the value of the goods. The contract requires written agreement and involves obligations for both parties regarding possession and ownership transfer.

Translated by

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Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Commercial consignment contract

Indicating that the commercial consignment is the contract by virtue of which


which, a person called the consignor transmits the availability and
not the property of one or several movable goods to another person
named consignee to pay a price for them, in the
in case of selling them within the established term, or they are returned in case
if not doing it

Personal elements, rights, and obligations

They are the tradens or consignor and the accipies or consignee.

Considering Roman law, it refers to the delivery and


transmission of the possession of the movable thing, object of the contract and that
it is estimative because the thing is delivered with its estimate or price
esteemed.
Of course, only the owner of the object can be the consignor.
furniture subject of the contract or its legal representative, duly
empowered with a power that includes acts of dominion, because in the end
the last of the contract is the transmission of ownership in favor of a
third, since applying supplementary and analogously the provisions
of common law in accordance with Article 2269 of the Civil Code
No federal can sell anything that is not their property.
The consignor must be the owner of the property being consigned, and if it is
representative, to have powers of dispositions because of the
the celebration of this contract results in the transmission to
consignee the availability of the asset.
The value of the goods left by the consignor in the possession of the
the consignee for its sale will be established nearby or
estimation by the consignor usually setting a price
minimum in accordance with the consignor and thus taking advantage of the
experience of that one, based on the commercial uses that allow
roughly establish a calculated price that facilitates the transfer
for which the estimate becomes a special element
importance in the contract that is not occupied.

The consignor is obligated to transfer possession of


the goods to the consignee and at the right time, the ownership of the same
the acquirer as otherwise, he is obliged to respond for
the damages and losses caused by their refusal.
Formal elements

These are contracts that need to be formulated consensually (in writing)

Real elements

Money or species.

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