(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 the 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 amount of the instrument at the time it was taken by the holder in due course.