Sec. 3410.
(1) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance.
(2) The terms of a draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.
(3) If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and endorser that does not expressly assent to the acceptance is discharged.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1993, Act 130, Eff. Sept. 30, 1993
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 3 - Negotiable Instruments (440.3101...440.3805)
174-1962-3-4 - Part 4 Liability of Parties (440.3401...440.3420)
Section 440.3401 - Liability; Signature.
Section 440.3402 - Liability of Parties; Signature by Authorized Representative.
Section 440.3403 - Unauthorized Signature; Effect.
Section 440.3407 - Alteration; Definition; Discharge of Party Affected; Enforcement of Rights.
Section 440.3408 - Check or Draft; Operation as Assignment.
Section 440.3410 - Acceptance Varying From Terms of Draft.
Section 440.3413 - Draft; Obligation to Pay According to Terms; Amount.
Section 440.3415 - Dishonored Instrument; Obligation and Liability of Endorser.
Section 440.3416 - Transfer of Instrument for Consideration; Endorsement; Warranties.
Section 440.3417 - Presentment of Unaccepted or Dishonored Draft; Rights of Parties.
Section 440.3418 - Payment or Acceptance by Mistake.