§ 3—410. Acceptance varying draft
(a) 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.
(b) 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.
(c) If the holder assents to an acceptance varying the terms of a draft, the obligation of each drawer and indorser that does not expressly assent to the acceptance is discharged. (Added 1993, No. 158 (Adj. Sess.), § 12, eff. Jan. 1, 1995.)
Structure Vermont Statutes
Title 9A - Uniform Commercial Code
§ 3—104. Negotiable instrument
§ 3—106. Unconditional promise or order
§ 3—107. Instrument payable in foreign money
§ 3—108. Payable on demand or at definite time
§ 3—109. Payable to bearer or to order
§ 3—110. Identification of person to whom instrument is payable
§ 3—114. Contradictory terms of instrument
§ 3—115. Incomplete instrument
§ 3—116. Joint and several liability; contribution
§ 3—117. Other agreements affecting instrument
§ 3—118. Statute of limitations
§ 3—119. Notice of right to defend action
§ 3—202. Negotiation subject to rescission
§ 3—203. Transfer of instrument; rights acquired by transfer
§ 3—205. Special indorsement; blank indorsement; anomalous indorsement
§ 3—206. Restrictive indorsement
§ 3—301. Person entitled to enforce instrument
§ 3—303. Value and consideration
§ 3—305. Defenses and claims in recoupment
§ 3—306. Claims to an instrument
§ 3—307. Notice of breach of fiduciary duty
§ 3—308. Proof of signatures and status as holder in due course
§ 3—309. Enforcement of lost, destroyed, or stolen instrument
§ 3—310. Effect of instrument on obligation for which taken
§ 3—311. Accord and satisfaction by use of instrument
§ 3—312. Lost, destroyed, or stolen cashier’s check, teller’s check, or certified check
§ 3—402. Signature by representative
§ 3—403. Unauthorized signature
§ 3—404. Impostors; fictitious payees
§ 3—405. Employer’s responsibility for fraudulent indorsement by employee
§ 3—406. Negligence contributing to forged signature or alteration of instrument
§ 3—408. Drawee not liable on unaccepted draft
§ 3—409. Acceptance of draft; certified check
§ 3—410. Acceptance varying draft
§ 3—411. Refusal to pay cashier’s checks, teller’s checks, and certified checks
§ 3—412. Obligation of issuer of note or cashier’s check
§ 3—413. Obligation of acceptor
§ 3—415. Obligation of indorser
§ 3—417. Presentment warranties
§ 3—418. Payment or acceptance by mistake
§ 3—419. Instruments signed for accommodation
§ 3—420. Conversion of instrument
§ 3—504. Excused presentment and notice of dishonor
§ 3—601. Discharge and effect of discharge