Documents of title (for example, warehouse receipts or bills of lading) may be either negotiable or nonnegotiable. Which of the following statements is correct with regard to this distinction?
A. Either may be transferred by negotiation.
B. Taking a document of title by assignment may subject the buyer to various contract defenses.
C. A bill of lading which provides that the goods are be "delivered to Ajax, Inc." is a negotiable bill of lading.
D. Each of the alternative answers is correct.
