Colorado § 4-3-410 Acceptance of varying draft

Colorado Statutes

§ 4-3-410 — Acceptance of varying draft

Colorado § 4-3-410

Title 04Uniform

Art.Negotiable Instruments

This text of Colorado § 4-3-410 (Acceptance of varying draft) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-3-410 (2026).

Text

(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.

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(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.