                                 CODE OF VIRGINIA

ACCEPTANCE VARYING DRAFT (§ 8.3A-410)

a. If the terms of a drawee&#8217;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 endorser that does not expressly assent to the
acceptance is discharged.

HISTORY: Code 1950, §§ 6-492 through 6-495; 1964, c. 219, § 8.3-412; 1992, c.
693.