Answer (A) is correct . In a consignment, the seller-exporter delivers (consigns) goods to the importer-consignee for sale to third parties. The consignee pays the consignor only when goods are sold.
Answer (B) is incorrect because A trade acceptance is a time draft.
Answer (C) is incorrect because A sale on open account is directly to a purchaser. A consignee is not a purchaser.
Answer (D) is incorrect because An exchange of goods has not occurred.
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