Colombian Commercial Code - Decree 410 of 1971 - Book IV - Of Contracts and Corporate Obligations - Title XVI - Contract Consignment or estimatory - From: Section 1377 to: 1381 Art
TITLE XVI
CONSIGNMENT AGREEMENT OR ESTIMATORY
Section 1377 .- By the consignment contract or estimatory a person named consignee, contract the obligation to sell goods of another, called consignor, after setting a price that he must submit to it.
The consignee shall be entitled to own the most value from the sale of goods and the consignor shall pay the price of which has not been sold or returned to the agreed deadline, or failing that, which would result from the usual .
Section 1378 .- Unless otherwise agreed differently, the consignee is responsible for ordinary negligence in the custody of the goods and the fulfillment of the contract but is not liable for damage or loss of them from nature, inherent defect or force higher.
Section 1379 .- The receiver may sell things for a price greater than the default, unless this faculty will have been limited by the consignor, in which case the consignee is entitled to the commission stipulated or usual and, default to the experts to determine.
Section 1380 .- The things given on consignment can not be garnished or seized by creditors of the consignee, or form part of the bankruptcy estate.
Section 1381 .- Unless otherwise agreed, the consignor shall not dispose of the goods or require the price of those sold, nor the consignee return you have received, pending the term.
The consignee shall be entitled to own the most value from the sale of goods and the consignor shall pay the price of which has not been sold or returned to the agreed deadline, or failing that, which would result from the usual .
Section 1378 .- Unless otherwise agreed differently, the consignee is responsible for ordinary negligence in the custody of the goods and the fulfillment of the contract but is not liable for damage or loss of them from nature, inherent defect or force higher.
Section 1379 .- The receiver may sell things for a price greater than the default, unless this faculty will have been limited by the consignor, in which case the consignee is entitled to the commission stipulated or usual and, default to the experts to determine.
Section 1380 .- The things given on consignment can not be garnished or seized by creditors of the consignee, or form part of the bankruptcy estate.
Section 1381 .- Unless otherwise agreed, the consignor shall not dispose of the goods or require the price of those sold, nor the consignee return you have received, pending the term.
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