New York Statutes
§ 3-412 — Acceptance Varying Draft
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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Nearby Sections
15
§ 3-101
Short Title§ 3-106
Sum Certain§ 3-107
Money§ 3-108
Payable on Demand§ 3-109
Definite Time§ 3-110
Payable to Order§ 3-111
Payable to Bearer§ 3-113
Seal§ 3-114
Date, Antedating, Postdating§ 3-115
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