New York § 3-412 Acceptance Varying Draft

New York Statutes

§ 3-412 — Acceptance Varying Draft

New York § 3-412

Law UCCUniform Commercial Code

Part 4Liability of Parties

Art. 3Commercial Paper

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Bluebook

N.Y. Uniform Commercial Code § 3-412 (2026).

Text

Section 3--412. Acceptance Varying Draft.\n  (1) Where the drawee's proffered acceptance in any manner varies the\ndraft as presented the holder may refuse the acceptance and treat the\ndraft as dishonored in which case the drawee is entitled to have his\nacceptance cancelled.\n  (2) The terms of the draft are not varied by an acceptance to pay at\nany particular bank or place in the United States, unless the acceptance\nstates that the draft is to be paid only at such bank or place.\n  (3) Where the holder assents to an acceptance varying the terms of the\ndraft each drawer and indorser who does not affirmatively assent is\ndischarged.\n

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Section 3--412. Acceptance Varying Draft.\n (1) Where the drawee's proffered acceptance in any manner varies the\ndraft as presented the holder may refuse the acceptance and treat the\ndraft as dishonored in which case the drawee is entitled to have his\nacceptance cancelled.\n (2) The terms of the draft are not varied by an acceptance to pay at\nany particular bank or place in the United States, unless the acceptance\nstates that the draft is to be paid only at such bank or place.\n (3) Where the holder assents to an acceptance varying the terms of the\ndraft each drawer and indorser who does not affirmatively assent is\ndischarged.\n