Iowa Code § 554.3410

Acceptance varying draft
Open in Lexace · Ask the AI about this section
1. Ifthe 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 topay at a particular bank or place inthe United States, unless the acceptance states that the draft isto be paid only at that bank or place. 3. Ifthe 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 isdischarged.

‹ Prev All Iowa sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.