Ace the Kentucky Reciprocity Exam 2025 – Unlock Opportunities with Confidence!

Question: 1 / 415

A consignee is also referred to as what?

Broker

Agent

Auctioneer

The correct identification of a consignee as an "agent" stems from the nature of their role in the transaction. A consignee acts on behalf of the consignor, who is the owner of the goods. In this capacity, the consignee is entrusted to sell the goods and is responsible for delivering them to the purchaser. The consignee's primary job is to facilitate the sale while representing the interests of the consignor.

While a broker may also function as an intermediary, they typically do not hold the goods or take possession of them, which distinguishes them from a consignee. Similarly, an auctioneer conducts auctions but does not typically represent the interests of the owner in the same manner as a consignee. A seller is someone who disposes of goods, but in the context of consignment, the seller’s role is fulfilled by the consignee acting as the agent for the consignor.

Get further explanation with Examzify DeepDiveBeta

Seller

Next Question

Report this question

Download Ace the Kentucky Reciprocity Exam 2025 – Unlock Opportunities with Confidence! PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy