North Dakota § 41-03-47 (3-410) Acceptance varying draft

North Dakota Statutes

§ 41-03-47 — (3-410) Acceptance varying draft

North Dakota § 41-03-47

Title 41Uniform Commercial Code

Ch. 41-03Negotiable Instruments

This text of North Dakota § 41-03-47 ((3-410) Acceptance varying draft) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-03-47 (2026).

Text

1.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.

2.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.

3.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.

Free access — add to your briefcase to read the full text and ask questions with AI

1. 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.
2. 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.
3. 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.