The Uniform Commercial Code places the risk of loss of an incomplete check on the payee.

Name: The Uniform Commercial Code places the risk of loss of an incomplete check on the payee.
Brand: Quizplus
Rating: 4.7 (57 reviews)

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code, the risk of loss of an incomplete check falls on the drawer, not the payee. However, if the check is completed and then lost or destroyed, the risk of loss typically falls on the party who last had possession of the check.

The Uniform Commercial Code Places the Risk of Loss of an Incomplete