1. The act of consigning goods for custody or sale. — Also termed (archaically) consignation. [Cases: Factors 5.]
2. A quantity of goods delivered by this act, esp. in a single shipment.
3. Under the UCC, a transaction in which a person delivers goods to a merchant for the purpose of sale, and (1) the merchant deals in goods of that kind under a name other than the name of the person making delivery, is not an auctioneer, and is not generally known by its creditor to be substantially engaged in selling others’ goods, (2) with respect to each delivery, the aggregate value of the goods is $1,000 or more at the time of delivery, (3) the goods are not consumer goods immediately before delivery, and (4) the transaction does not create a security interest that secures an obligation. UCC § 9-102(a)(20).
4. See bailment for sale under BAILMENT.
