70A-3-410 - Acceptance varying draft.
70A-3-410. Acceptance varying draft.
(1) If the terms of a drawee's acceptance vary from the terms of the draft as presented, theholder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee maycancel the acceptance.
(2) The terms of a draft are not varied by an acceptance to pay at a particular bank orplace in the United States, unless the acceptance states that the draft is to be paid only at that bankor place.
(3) If the holder assents to an acceptance varying the terms of a draft, the obligation ofeach drawer and indorser that does not expressly assent to the acceptance is discharged.
Repealed and Re-enacted by Chapter 237, 1993 General Session