Oregon Code § 73.0410·Enacted ·Last updated March 01, 2026
Statute Text
Acceptance varying draft.
(1) If the terms of a drawees 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 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.
(3) 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. [1993 c.545 §51]