John Writes Out a Check for $100 on His Account

question 48

Multiple Choice

John writes out 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 hand it to Perry.Later,John realizes that he had not written Perry's name on the lost check.According to the provisions of the UCC,the risk of loss of the check should be placed on ________.

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

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