(117) When this occurs, the New York statute places obligations on the art merchant: "(i) such consignee shall thereafter be deemed to be the agent of such consignor
with respect to the said work" and "(ii) such work is trust property in the hands of the consignee for the benefit of the consignor
." (118) The property continues to be trust property "notwithstanding its purchase by the consignee for his own account until the price is paid in full to the consignor
," and, if the artwork is sold to a third-party,
The DTTS Program Management Office in Norfolk, Va., monitors sensitive shipments, including arms, ammunition and explosives, classified, and high-value cargo moving via commercial motor carriers, as well as nearly all barge and towboat munitions movements from consignor
For packages weighing 500 pounds or more, and for packages where the greatest dimension exceeds 8 feet or each of its greatest and intermediate dimensions exceed 4 feet, the consignor
is responsible for loading and the consignee is responsible for unloading.
This model should be built by linking several worksheets that give as final results, the consignor
cost, the company overall cost incurred, and the consignor
profitability analysis, as well as an orientation about the used capacity.
The person who consigned the work to auction had no idea of the painting's supposed background because it was offered to him in March 2004 or 18 years after the EDSA Revolution by a well-known official's son and the consignor
paid the going price then.
In any event, a consignment seller (known as a consignor
) provides goods to its customer (known as a consignee) with the expectation that the consignor
retains an ownership interest--and, therefore, will maintain a priority interest--in the consigned goods.
- Ability to acquire the owner's name (consignor
) of an item listed in an order in progress.
In the current regulation, the one from the Romanian Civil Code, the parties of this contract are the principal and the consignor
. The principal is the person on whose behalf the Transport Agreement shall be concluded and shall be performed its ancillary operations and the consignor
is the person who undertakes to conclude on his own behalf and on behalf of the principal, the transport agreement.
The court stated that QBE did not prove that a party who does not appear on the AWB as shipper/consignor or consignee has standing to sue on behalf of the consignor
Ponce De Leon contacted me on the eve of the auction and told me that the consignor
, whom he refused to name, was offering to make a donation to a foundation of the family's choice, in order to appease the family and buy peace.
The court's decision illustrates the many hurdles and pitfalls facing a non-compliant consignor
that fails to "dot its i's and cross its t's" when selling goods on consignment,