O.C.G.A.
O.C.G.A. § 11-3-410 (2019)
Acceptance varying draft
✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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(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.
History
Code 1981, § 11-3-410, enacted by Ga. L. 1996, p. 1306, § 3.
Annotations
RESEARCH REFERENCES U.L.A. Uniform Commercial Code (U.L.A.) § 3410.
Notes of Decisions
Cited in 1
case, 1983–1983 · leading case: Alimenta (U.S.A.), Inc. v. Stauffer, 568 F. Supp. 674 (N.D. Ga. 1983).
Alimenta (U.S.A.), Inc. v. Stauffer, 568 F. Supp. 674 (N.D. Ga. 1983). “O.C.G.A. § 11-3-410(1) provides: “Acceptance is the drawee’s signed engagement to hon- or the draft as presented.”
— 11-3-410(1) — 1 case
Alimenta (U.S.A.), Inc. v. Stauffer, 568 F. Supp. 674 (N.D. Ga. 1983). “O.C.G.A. § 11-3-410(1) provides: “Acceptance is the drawee’s signed engagement to hon- or the draft as presented.”
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