New York Statutes

§ 3-412 — Acceptance Varying Draft

New York·Law UCC Uniform Commercial Code·Part 4 Liability of Parties·Art. 3 Commercial Paper
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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