Assuming a proper and timely claim is made, which of the following is true regarding the UCC's allowance of full recovery in the event that certain types of checks are lost, stolen, or destroyed?

A) The UCC allows for full recovery if a cashier's check is lost, stolen, or destroyed; but full recovery is not allowed if a teller's check or certified check is lost, stolen, or destroyed.
B) The UCC allows for full recovery if a cashier's check or certified check is lost, stolen, or destroyed; but full recovery is not allowed if a teller's check is lost, stolen, or destroyed.
C) The UCC allows for full recovery if a cashier's, certified, or teller's check is lost, stolen, or destroyed.
D) The UCC allows for full recovery if a cashier's check is lost, stolen, or destroyed; but in regard to a teller's check or certified check, full recovery is only allowed if the instrument is lost or stolen, not if it is destroyed.
E) Because individuals are expected to properly safeguard checks, the UCC does not allow for recovery if a cashier's, teller's, or certified check is lost, stolen, or destroyed.

Question

Chaila Deivon · Accepted Answer

Final Answer : C, Explanation :  The UCC provides for full recovery in cases where cashier's checks, certified checks, or teller's checks are lost, stolen, or destroyed, assuming a proper and timely claim is made. This is to ensure that the holder of such instruments is protected against loss.

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