California Commercial Code Section 3409
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California Laws > Commercial Code > California Commercial Code Section 3409
3409. (a) "Acceptance" means the drawee's signed agreement to pay a
draft as presented. It shall be written on the draft and may consist
of the drawee's signature alone. Acceptance may be made at any time
and becomes effective when notification pursuant to instructions is
given or the accepted draft is delivered for the purpose of giving
rights on the acceptance to any person.
(b) A draft may be accepted although it has not been signed by the
drawer, is otherwise incomplete, is overdue, or has been dishonored.
(c) If a draft is payable at a fixed period after sight and the
acceptor fails to date the acceptance, the holder may complete the
acceptance by supplying a date in good faith.
(d) "Certified check" means a check accepted by the bank on which
it is drawn. Acceptance may be made as stated in subdivision (a) or
by a writing on the check which indicates that the check is
certified. The drawee of a check has no obligation to certify the
check, and refusal to certify is not dishonor of the check.
Section: 3409
Last modified: February 22, 2013
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