                                 CODE OF VIRGINIA

ACCEPTANCE OF DRAFT; CERTIFIED CHECK (§ 8.3A-409)

a. &#8220;Acceptance&#8221; means the drawee&#8217;s signed agreement to pay a
draft as presented. It must be written on the draft and may consist of the
drawee&#8217;s signature alone. Acceptance may be made at any time and becomes
effective when notification pursuant to instructions is given or the accepted
draft is delivered for the purpose of giving rights on the acceptance to any
person.

b. A draft may be accepted although it has not been signed by the drawer, is
otherwise incomplete, is overdue, or has been dishonored.

c. If a draft is payable at a fixed period after sight and the acceptor fails to
date the acceptance, the holder may complete the acceptance by supplying a date
in good faith.

d. &#8220;Certified check&#8221; means a check accepted by the bank on which it
is drawn. Acceptance may be made as stated in subsection (a) or by a writing on
the check which indicates that the check is certified. The drawee of a check has
no obligation to certify the check, and refusal to certify is not dishonor of
the check.

HISTORY: Code 1950, §§ 6-485 through 6-491, 6-541 through 6-543; 1964, c. 219,
§§ 8.3-410, 8.3-411; 1992, c. 693.