John Writes a Check for $100 on His Account at the Sacred

John writes a check for $100 on his account at the Sacred Heart Bank to repay the $100 he owes Perry. He gives the check to Eliot and tells her to hand it over to Perry. However, Eliot loses the check before she can give it to Perry. Later, John realizes that he had not written Perry's name on the lost check. According to the provisions of the Uniform Commercial Code (UCC) , on which of the following parties should the risk of loss of the check be placed?

A) Eliot
B) Perry
C) John
D) Sacred Heart Bank

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free