2010 Pennsylvania Code
Title 13 - COMMERCIAL CODE
Chapter 34 - Liability of Parties
3413 - Obligation of acceptor.

     § 3413.  Obligation of acceptor.
        (a)  General rule.--The acceptor of a draft is obliged to pay
     the draft:
            (1)  according to its terms at the time it was accepted,
        even though the acceptance states that the draft is payable
        "as originally drawn" or equivalent terms;
            (2)  if the acceptance varies the terms of the draft,
        according to the terms of the draft as varied; or
            (3)  if the acceptance is of a draft that is an
        incomplete instrument, according to its terms when completed,
        to the extent stated in sections 3115 (relating to incomplete
        instrument) and 3407 (relating to alteration).
     The obligation is owed to a person entitled to enforce the draft
     or to the drawer or an indorser who paid the draft under section
     3414 (relating to obligation of drawer) or 3415 (relating to
     obligation of indorser).
        (b)  Certified check or accepted draft.--If the certification
     of a check or other acceptance of a draft states the amount
     certified or accepted, the obligation of the acceptor is that
     amount. If the certification or acceptance does not state an
     amount, the amount of the instrument is subsequently raised and
     the instrument is then negotiated to a holder in due course, the
     obligation of the acceptor is the amount of the instrument at
     the time it was taken by the holder in due course.