1 ________ are a special form of contract that satisfies the requirements established by Revised Article 3 of the UCC.

 

 

2 Who is the drawee in a draft transaction?

 

 

3 Two brothers, Sam and Jim, were fighting over the division of their ancestral property. After ten years of legal battle, a frustrated Sam contacted a powerful politician who subjected Jim to extreme duress to make him sign a contract of assent in favor of Sam. When Jim takes this contract to court, the contract will be declared ________.

 

 

4 Which of the following is true of the UCC?

 

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