§ 3413 Acceptor'S Payment Obligation
This law says that when someone accepts a draft (like a check), they have to pay it the way the draft says, even if the acceptance changes the terms or the draft was unfinished, and the amount they owe is the amount written or, if not written, the amount when a holder in due course receives it.
Alice writes a $100 check to Bob. Bob signs it over to Carol, who accepts the check and writes "payable as originally drawn" on her acceptance. Later, the check is altered to $150 and given to Dave, who is a holder in due course.
Because Carol accepted the check, she must pay the amount the check said when she accepted it – $100 – even though the acceptance said "as originally drawn". When the check was later changed to $150 and given to Dave, Carol’s obligation stays at $100, and Dave can only claim the $150 amount that was on the check when he received it.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 3413 Acceptor'S Payment Obligation
Last verified: January 10, 2026