Consignment (from consign, Fr. consigner, Lat. consignare, to affix a signum, seal; whence, in Late Lat., to hand over, transmit), generally, the delivery or transmission of any person or thing for safe custody. In law, consignment is used of the sending or transmitting of goods to a merchant or factor for sale. The person who consigns the goods is called the consignor and the person residing at the port of delivery or elsewhere to whom the goods are to be delivered when they arrive there is called the consignee.Consignment is the act of consigning, which is placing a person or thing in the hand of another, but retaining ownership until the goods are sold or person is transferred.The features of Consignment are as follows: 1) The Relation between the two parties is that of consignor and consignee and not that of buyer and seller. 2) The consignor is entitled to receive all the expenses in connection with consignment. 3) The consignee is not responsible for damage of goods during transport or any other procedure. 4) Goods are sold at the risk of consignor. The profit or loss belongs to consignor only.