KRS 355.3-413: Obligation of acceptor.

(1) The acceptor of a draft is obliged to pay the draft:

(a) 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;

(b) If the acceptance varies the terms of th e draft, according to the terms of the

draft as varied; or

(c) If the acceptance is of a draft that is an incomplete instrument, according to its

terms when completed, to the extent stated in KRS 355.3-115 and 355.3-407;

The obligation is owed to a person entitled to enforce the draft or to the drawer or

an indorser who paid the draft under KRS 355.3-414 or 355.3-415.

(2) (a) 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.

(b) If:

1. The certification or acceptance does not state an amount;

2. The amount of the instrument is subsequently raised; and

3. The instrument is then negotiated to a holder in due course,

the obligation of the acceptor is the amoun t of the instrument at the time it

was taken by the holder in due course.