47-3410. 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.
Section: Previous 47-3403 47-3404 47-3405 47-3406 47-3407 47-3408 47-3409 47-3410 47-3411 47-3412 47-3413 47-3414 47-3415 47-3416 47-3417 NextLast modified: October 13, 2016