The buyer receives a document of title for the goods. the bailee buyer’s right to the goods. the buyer receives a of title, and the buyer has had a to present the document to the bailee and demand the goods. if the bailee to honor the document, the risk of loss remains with the seller.

Explanation:

There are two parties who are entered into the contract i.e bailor and bailee. A bailor is a person who transferred his goods or property to some other person with a hope that another person will use with proper care and diligence.

Whereas, the other person is called bailee to whom the property or goods transferred. It has a transfer of a thing without giving any possession.

In this given situation, the 1. acknowledge or accept 2. non-negotiable or unmodified 3. reasonable or sufficient time 4. refuses or deny

These options are appropriate for the given situation.