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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) Where the drawee's proffered acceptance in any manner varies the draft as presented the holder may refuse the acceptance and treat the draft as dishonored in which case the drawee is entitled to have his acceptance cancelled.
(2) The terms of the draft are not varied by an acceptance to pay at any particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at such bank or place.
(3) Where the holder assents to an acceptance varying the terms of the draft each drawer and indorser who does not affirmatively assent is discharged.
Cite this article: FindLaw.com - New York Consolidated Laws, Uniform Commercial Code - UCC § 3-412. Acceptance Varying Draft - last updated January 01, 2024 | https://codes.findlaw.com/ny/uniform-commercial-code/ucc-sect-3-412/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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