12A:3-410. Acceptance varying draft
a. If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance.
b. The terms of a draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.
c. If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and indorser that does not expressly assent to the acceptance is discharged.
L.1995,c.28,s.1.
Section: Previous 12a-3-403 12a-3-404 12a-3-405 12a-3-406 12a-3-407 12a-3-408 12a-3-409 12a-3-410 12a-3-411 12a-3-412 12a-3-413 12a-3-414 12a-3-415 12a-3-416 12a-3-417 Next
Last modified: October 11, 2016