1.Unless the parties agree otherwise, the goods are considered a sale or return when they are:

a. on consignment.

b. on confinement.

c. both a and b.

d. none of the above.

2.In a bailment situation, the owner of the goods is the:

a. bailee.

b. bailor.

c. sailor.

d. court.

3.When only one party breaches the contract, the Commercial Code passes the risk of loss to the:

a. breaching party.

b. nonbreaching party.

c. taxpayers.

d. party's attorney.

4.Having an "insurable interest" permits a party to obtain insurance coverage to protect against:

a. price gauging.

b. damage to the goods.

c. inferiority of the goods.

d. all of the above.

5.Any product that is intended for consumption by individuals is considered:

a. consumable.

b. clothing.

c. consumer-friendly.

d. all of the above