CHAPTER IX - GENERAL PROVISIONS

Multiple Choice
1. Includes any bill of lading, dock warrant, "quedan," or warehouse receipt or order for the
delivery of goods, or any other document used in the ordinary course of business in the sale or
authorizing transfer of receive, or goods, purporting either as proof of the possession or control
of the goods, or authorizing or purporting to authorize the possessor of the document to transfer
or by delivery, goods represented by such document.
a. Document of title of goods
b. Document of negotiable instrument
c. Document of title of things
d. Document of non-negotiable instrument
2. Includes all chattels personal but not things in action or money of legal tender in the Philippines.
a. Things
b. Fungible goods
c. Goods
d. Consumable goods
3. Means goods identified and agreed upon at the time a contract of sale is made.
a. Generic goods
b. Specific goods
c. Indeterminate goods
d. Quality of goods
4. A person who either has ceased to pay his debts in the ordinary course of business or cannot pay
his debts as they become due.
a. Bankrupt
b. Solvent
c. Debtor
d. Insolvent
5. When goods are in such a state that the buyer would, under the contract, be bound to take
delivery of them.
a. Deliverable state
b. Perishable state
c. Fungible goods
d. Non-fungible goods