Jill borrowed $25,000 from her parents a few years ago. To evidence the loan, Jill executed a promissory note. Jill's father, who drafted the promissory note, failed to include a place of payment. As a result (A) the note will fall outside the scope of UCC Article 3. (B) the note is payable at Jill's address. (C) the note is payable at her parents' address. (D) the note is payable at any bank chartered under federal law Greg has a dental appointment tomorrow, and he has been told to bring a $150 check with him. This morning Greg wrote the check, filling in all spaces (including the signature line) except for the name of the payee. He left the check in his bedroom on a table. This afternoon an electrician stole the check after installing a ceiling fan and light fixture in Greg's bedroom Which of the following statements is true? (A) Without the name of the payee, the check is not a negotiable instrument. (B) Because the electrician stole the check, he cannot be a person entitled to enforce the check (C) Because the electrician stole the check, no subsequent possessor can be a holder in due course (D) Greg is the issuer of the check, which itself has not been issued Buyer entered into a contract with Seller to purchase a specially designed molding machine. The contract provided that Seller was to ship the molding machine via railroad to Buyer's manufacturing plant. In an action for breach of contract by Seller against Buyer, under which of the following circumstances will Seller be entitled to recover the contract price? (A) Buyer wrongfully refuses to accept delivery of the molding machine and Seller is not able to resell the molding machine because it is designed for Buyer's specific uses (B) Buyer accepts delivery of the molding machine but refuses to pay for the molding machine The molding machine is stolen from a railroad freight yard after Seller delivers the (C) molding machine to the railroad and makes a contract for its shipment to Buyer. (D) All of the above Jill borrowed $25,000 from her parents a few years ago. To evidence the loan, Jill executed a promissory note. Jill's father, who drafted the promissory note, failed to include a place of payment. As a result (A) the note will fall outside the scope of UCC Article 3. (B) the note is payable at Jill's address. (C) the note is payable at her parents' address. (D) the note is payable at any bank chartered under federal law Greg has a dental appointment tomorrow, and he has been told to bring a $150 check with him. This morning Greg wrote the check, filling in all spaces (including the signature line) except for the name of the payee. He left the check in his bedroom on a table. This afternoon an electrician stole the check after installing a ceiling fan and light fixture in Greg's bedroom Which of the following statements is true? (A) Without the name of the payee, the check is not a negotiable instrument. (B) Because the electrician stole the check, he cannot be a person entitled to enforce the check (C) Because the electrician stole the check, no subsequent possessor can be a holder in due course (D) Greg is the issuer of the check, which itself has not been issued Buyer entered into a contract with Seller to purchase a specially designed molding machine. The contract provided that Seller was to ship the molding machine via railroad to Buyer's manufacturing plant. In an action for breach of contract by Seller against Buyer, under which of the following circumstances will Seller be entitled to recover the contract price? (A) Buyer wrongfully refuses to accept delivery of the molding machine and Seller is not able to resell the molding machine because it is designed for Buyer's specific uses (B) Buyer accepts delivery of the molding machine but refuses to pay for the molding machine The molding machine is stolen from a railroad freight yard after Seller delivers the (C) molding machine to the railroad and makes a contract for its shipment to Buyer. (D) All of the above
