Indiana § 26-1-3.1-410 Acceptance varying draft

Indiana Statutes

§ 26-1-3.1-410 — Acceptance varying draft

Indiana § 26-1-3.1-410

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 3.1Negotiable Instruments

This text of Indiana § 26-1-3.1-410 (Acceptance varying draft) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-3.1-410 (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 endorser 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 endorser that does not
expressly assent to the acceptance is discharged.