Legislation
SECTION 2-514
When Documents Deliverable on Acceptance; When on Payment
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2, PART 5
Section 2--514. When Documents Deliverable on Acceptance; When on
Payment.
Unless otherwise agreed documents against which a draft is drawn are
to be delivered to the drawee on acceptance of the draft if it is
payable more than three days after presentment; otherwise, only on
payment.
Payment.
Unless otherwise agreed documents against which a draft is drawn are
to be delivered to the drawee on acceptance of the draft if it is
payable more than three days after presentment; otherwise, only on
payment.