Revised Code of Washington
Chapter 62A.3 - Negotiable Instruments.
62A.3-413 - Obligation of acceptor.

RCW 62A.3-413
Obligation of acceptor.

(a) The acceptor of a draft is obliged to pay the draft (i) according to its terms at the time it was accepted, even though the acceptance states that the draft is payable "as originally drawn" or equivalent terms, (ii) if the acceptance varies the terms of the draft, according to the terms of the draft as varied, or (iii) if the acceptance is of a draft that is an incomplete instrument, according to its terms when completed, to the extent stated in RCW 62A.3-115 and 62A.3-407. The obligation is owed to a person entitled to enforce the draft or to the drawer or an indorser who paid the draft under RCW 62A.3-414 or 62A.3-415.
(b) If the certification of a check or other acceptance of a draft states the amount certified or accepted, the obligation of the acceptor is that amount. If (i) the certification or acceptance does not state an amount, (ii) the amount of the instrument is subsequently raised, and (iii) the instrument is then negotiated to a holder in due course, the obligation of the acceptor is the amount of the instrument at the time it was taken by the holder in due course.

[ 1993 c 229 § 53; 1965 ex.s. c 157 § 3-413. Cf. former RCW sections: RCW 62.01.060 through 62.01.062; 1955 c 35 §§ 62.01.060 through 62.01.062; prior: 1899 c 149 §§ 60 through 62; RRS §§ 3451 through 3453.]
NOTES:

Recovery of attorneys' fees—Effective date—1993 c 229: See RCW 62A.11-111 and 62A.11-112.

Structure Revised Code of Washington

Revised Code of Washington

Title 62A - Uniform Commercial Code

Chapter 62A.3 - Negotiable Instruments.

62A.3-101 - Short title.

62A.3-102 - Subject matter.

62A.3-103 - Definitions.

62A.3-104 - Negotiable instrument.

62A.3-105 - Issue of instrument.

62A.3-106 - Unconditional promise or order.

62A.3-107 - Instrument payable in foreign money.

62A.3-108 - Payable on demand or at definite time.

62A.3-109 - Payable to bearer or to order.

62A.3-110 - Identification of person to whom instrument is payable.

62A.3-111 - Place of payment.

62A.3-112 - Interest.

62A.3-113 - Date of instrument.

62A.3-114 - Contradictory terms of instrument.

62A.3-115 - Incomplete instrument.

62A.3-116 - Joint and several liability; contribution.

62A.3-117 - Other agreements affecting instrument.

62A.3-118 - Statute of limitations.

62A.3-119 - Notice of right to defend action.

62A.3-201 - Negotiation.

62A.3-202 - Negotiation subject to rescission.

62A.3-203 - Transfer of instrument; rights acquired by transfer.

62A.3-204 - Indorsement.

62A.3-205 - Special indorsement; blank indorsement; anomalous indorsement.

62A.3-206 - Restrictive indorsement.

62A.3-207 - Reacquisition.

62A.3-301 - Person entitled to enforce instrument.

62A.3-302 - Holder in due course.

62A.3-303 - Value and consideration.

62A.3-304 - Overdue instrument.

62A.3-305 - Defenses and claims in recoupment.

62A.3-306 - Claims to an instrument.

62A.3-307 - Notice of breach of fiduciary duty.

62A.3-308 - Proof of signatures and status as holder in due course.

62A.3-309 - Enforcement of lost, destroyed, or stolen instrument.

62A.3-310 - Effect of instrument on obligation for which taken.

62A.3-311 - Accord and satisfaction by use of instrument.

62A.3-312 - Lost, destroyed, or stolen cashier's check, teller's check, or certified check.

62A.3-401 - Signature.

62A.3-402 - Signature by representative.

62A.3-403 - Unauthorized signature.

62A.3-404 - Impostors; fictitious payees.

62A.3-405 - Employer's responsibility for fraudulent indorsement by employee.

62A.3-406 - Negligence contributing to forged signature or alteration of instrument.

62A.3-407 - Alteration.

62A.3-408 - Drawee not liable on unaccepted draft.

62A.3-409 - Acceptance of draft; certified check.

62A.3-410 - Acceptance varying draft.

62A.3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks.

62A.3-412 - Obligation of issuer of note or cashier's check.

62A.3-413 - Obligation of acceptor.

62A.3-414 - Obligation of drawer.

62A.3-415 - Obligation of indorser.

62A.3-416 - Transfer warranties.

62A.3-417 - Presentment warranties.

62A.3-418 - Payment or acceptance by mistake.

62A.3-419 - Instruments signed for accommodation.

62A.3-420 - Conversion of instrument.

62A.3-501 - Presentment.

62A.3-502 - Dishonor.

62A.3-503 - Notice of dishonor.

62A.3-504 - Excused presentment and notice of dishonor.

62A.3-505 - Evidence of dishonor.

62A.3-512 - Credit cards—As identification—In lieu of deposit.

62A.3-515 - Checks dishonored by nonacceptance or nonpayment; liability for interest; rate; collection costs and attorneys' fees; satisfaction of claim.

62A.3-520 - Statutory form for notice of dishonor.

62A.3-522 - Notice of dishonor—Affidavit of service by mail.

62A.3-525 - Consequences for failing to comply with requirements.

62A.3-530 - Collection agencies—Checks dishonored by nonacceptance or nonpayment; liability for interest; rate; collection costs and attorneys' fees; satisfaction of claim.

62A.3-540 - Collection agencies—Statutory form for notice of dishonor.

62A.3-550 - Collection agencies—Consequences for failing to comply with requirements.

62A.3-601 - Discharge and effect of discharge.

62A.3-602 - Payment.

62A.3-603 - Tender of payment.

62A.3-604 - Discharge by cancellation or renunciation.

62A.3-605 - Discharge of indorsers and accommodation parties.