answer all the following multiple choice questions: answer all the following true or false questions:

29. Richie Diamonds ships an assortment ofhigh-grade gems to Pell, a retailer, with the understanding that Pell will bo biled for any gems that are not retumed within three monthis. The agreement between Richie and Pell is . a. asoon approval b. a sie or retum. c. aonsgrpent d. none of the above. 32. Circuit Electronics, Inc, accepts a shipment of CD players from Delta Devices, hc. When Circuit later disoovars a defect in the players, it revokes acceptance. The players are destroyed before hey are rctumed to Delta. The loes is suffered by a. Cincuit. b. Deta. c. Ciouit and Delta oqually. d. mone af the above. 33. Retail Store, Ine, agrees to buy eaxisting goods from Consumer Products and sends a deposit to Consumer Products Coporation, an insurable interest in the goods exists i a. Consumer only. b. Retail oaly. c. Consomer and Retail d. none of the above. 36. Mountain Bikes, Inc., and Local Bicycle Store contract for a sale of seventy bicycles froi Mountain to Local. The contract does not specify which type of delivery contract is formed. Thie bikos aro lost in transit. The nisk belongs to: a. Mountain Bikes, Ino, because it was a destination contract b. Mountain Bikes, Inc.because it was shipment contract o. Local Bicycle Store becanso it as destination contract d. Local Bioycle Store becanse it as shipmant contract 38. Art is pemitted by Westen Motors to test drive a car. Art wrecks the car in an accident The loss is suffered by a. Western Motors, becanso the car was wreckod during consignnent. b. Westem Motors, because the car was inot identified in the contract. c. Westem Motors, because it qualifies as a conditional sale. d. Art, because he was driving the car. 19. When both parties involved in a deal are non-merchants, t(and goods are held by seller) the seller bearsrisk of loss unil the buyer actually takes possession. 20. The UCC treats a consignment as a sale on approval