If a consignment transaction fails to meet the rigid definition of a consignment under UCC Section 9-102(a)(20), the consignor may still enjoy prior rights to its consigned
goods if it can prove that the transaction is a "true consignment" under state law, True consignments are not governed by UCC Article 9; therefore, true consignments do not require a consignor to file a UCC financing statement and provide notice of its consignment interest to secured creditors with a prior perfected blanket security interest in the consignee's inventory as a condition for having priority status in the consigned
Couture's goal is to keep individual sellers and buyers safe while purchasing the designer brands they love at a discounted price.
(7) Some collectors charged Salander with selling consigned
artwork and then failing to pay them their due proceeds.
A consignor should "dot its i's and cross its t's" by satisfying all of the requirements contained in Article 9 of the Uniform Commercial Code ("UCC") governing consignments as a matter of best practice, This will ensure that the consignor will enjoy prior rights to its consigned
goods over the rights of a secured lender with a blanket security interest in the consignee's goods and the rights of a bankruptcy trustee as a judgment lien creditor under the Bankruptcy Code.
Another shipment of 100 spiders in plastic containers came from Poland and Malaysia consigned
to residents of Sto Tomas, Batangas, Naga City, and Cebu.
Another shipment also declared as taro chips and consigned
to Rosebelle Ane, of Tomas Mapua in Sta.
'One of the packages which contain 2,031 grams of shabu is consigned
toa-Jueya-Cuenca of Imus, Cavite and was intercepted on April 27.
Top price was 218 pence per kilo for a homebred Limousin consigned
by G S & S E Wilson, High House.
Twyla Tharp is in foal to Oasis Dream and will be consigned
by Watership Down's Irish satellite, Kiltinan Castle Stud.
Sired by Wilodge Vantastic and consigned
by DG & M Edwards and Son from Cilycwm, Llandovery, she was bought by Carwyn Roberts from Rowen, Conwy.
Artists fear (often rightfully so) that some galleries cannot be trusted to pay them for sold consigned
works, or to return unsold art in a timely manner.
Inexperience on both sides and the South's failure to act as a whole turned what could have been a victory into a retreat, and consigned
Confederate General Braxton Bragg to be forever remembered as mediocre.
It seems that Neri consigned
herself to a state of poetic contradiction.
State auditors rebuked the management of the Philippine Heart Center as they noted inconsistencies in the charging of mark up cost for consigned
items used by patients, mostly suffering from serious cardiovascular illnesses.
A trade creditor can mitigate the risk of dealing with a financially distressed customer by entering into a consignment agreement with its customer, A creditor that "dots its i's and crosses its t's" and satisfies all of the requirements for consignment contained in Article 9 of the Uniform Commercial Code ("UCC") obtains a first and prior interest in its consigned