N.Y. Uniform Commercial Code Law Section 3-412
Acceptance Varying Draft

Section 3--412. Acceptance Varying Draft.

(1)

Where the drawee’s proffered acceptance in any manner varies the draft as presented the holder may refuse the acceptance and treat the draft as dishonored in which case the drawee is entitled to have his acceptance cancelled.

(2)

The terms of the draft are not varied by an acceptance to pay at any particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at such bank or place.

(3)

Where the holder assents to an acceptance varying the terms of the draft each drawer and indorser who does not affirmatively assent is discharged.

Source: Section 3-412 — Acceptance Varying Draft, https://www.­nysenate.­gov/legislation/laws/UCC/3-412 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 3-412’s source at nysenate​.gov

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