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CONSIGNMENT
consignment (k<<schwa>>n-sIn-m<<schwa>>nt).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)…
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consignee (kon-sI-neeor k<<schwa>>n-). One to whom goods are consigned. [Blacks Law 8th]
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consignator (k<<schwa>>n-sig-n<<schwa>>-tor), n. A person authorized to accept delivery of money from a debtor if a creditor refuses to accept it. See CONSIGNATION. [Blacks Law 8th]
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consignation (kon-sig-nay-sh<<schwa>>n), n.1. A debtor’s delivery of money to an authorized third party after the creditor refuses to accept the payment. • Unlike a tender, a valid consignation discharges the debtor. Cf. TENDER(1).2.CONSIGNMENT(1).
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consign (k<<schwa>>n-sIn), vb.1. To transfer to another’s custody or charge. 2. To give (goods) to a carrier for delivery to a designated recipient. 3. To give (merchandise or the like) to another to sell, usu. with the understanding that the seller will pay the owner for the goods from the proceeds. [Blacks Law 8th]
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consideratum est per curiam (k<<schwa>>n-sid-<<schwa>>-ray-t<<schwa>>m est p<< schwa>>r kyoor-ee-<<schwa>>m). [Latin] Hist. It is considered by the court. • This was the formal language preceding the judgment of a common-law court. — Sometimes shortened to consideratum est. Cf. IDEO CONSIDERATUM EST. “A judgment is the decision or sentence of the law, given by a court…
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consideration, want of.See WANT OF CONSIDERATION.[Blacks Law 8th]
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consideration,n.1. Something (such as an act, a forbearance, or a return promise) bargained for and received by a promisor from a promisee; that which motivates a person to do something, esp. to engage in a legal act. • Consideration, or a substitute such as promissory estoppel, is necessary for an agreement to be enforceable. See…
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conserve,vb.1. To take care of; to care for. 2. To protect from change, destruction, or depletion. 3. To reduce or minimize the use of. [Blacks Law 8th]
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conservator of the peace.See PEACE OFFICER. [Blacks Law 8th]
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