Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
3 412 — New York Law | CourtGPT
  1. Home/
  2. Laws/
  3. New York/
  4. Ucc - Uniform Commercial Code/
  5. Article 3 - Commercial Paper/
  6. Part 4 - Liability of Parties3-401 - Signature/
  7. 3 412
New York Legal Code

3 412

Ask AI about this
(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.