New York § 3-410 Definition and Operation of Acceptance

New York Statutes

§ 3-410 — Definition and Operation of Acceptance

New York § 3-410

Law UCCUniform Commercial Code

Part 4Liability of Parties

Art. 3Commercial Paper

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

Bluebook

N.Y. Uniform Commercial Code § 3-410 (2026).

Text

Section 3--410. Definition and Operation of Acceptance.\n  (1) Acceptance is the drawee's signed engagement to honor the draft as\npresented. It must be written on the draft, and may consist of his\nsignature alone. It becomes operative when completed by delivery or\nnotification.\n  (2) A draft may be accepted although it has not been signed by the\ndrawer or is otherwise incomplete or is overdue or has been dishonored.\n  (3) Where the draft is payable at a fixed period after sight and the\nacceptor fails to date his acceptance the holder may complete it by\nsupplying a date in good faith.\n

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

Section 3--410. Definition and Operation of Acceptance.\n (1) Acceptance is the drawee's signed engagement to honor the draft as\npresented. It must be written on the draft, and may consist of his\nsignature alone. It becomes operative when completed by delivery or\nnotification.\n (2) A draft may be accepted although it has not been signed by the\ndrawer or is otherwise incomplete or is overdue or has been dishonored.\n (3) Where the draft is payable at a fixed period after sight and the\nacceptor fails to date his acceptance the holder may complete it by\nsupplying a date in good faith.\n