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December 22, 2024 Clear | 14°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 2 SALES
  6. Section 2-514 When Documents Deliverable on Acceptance; When on Payment

Section 2-514

Section 2-514: When Documents Deliverable on Acceptance; When on Payment

Section 2–514. 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.