1.A "warehouse receipt":

a. acknowledges receipt of the goods.

b. describes the goods.

c. contains the terms of storage.

d. all of the above.

2.When by their terms the goods are to be delivered to bearer or to the order of a named person, they are:

a. negotiable.

b. nonnegotiable.

c. irrevocable.

d. damages.

3.Instruments that represent ownership of goods are:

a. licenses.

b. documents of title.

c. releases.

d. all of the above.

4.In California, when goods are delivered to a merchant who deals in goods of that kind and the merchant retains them, what has occurred?

a. An entrustment

b. A title trustment

c. A crime

d. All of the above

5.Determining the time and place of delivery depends on whether the contract is a:

a. shipment contract.

b. destination contract.

c. both a and b.

d. none of the above.

6.The Commercial Code imposes higher standards upon:

a. merchants.

b. nonmerchants.

c. both a and b.

d. none of the above.