When documents deliverable on acceptance — When on payment

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  7. When documents deliverable on acceptance — When on payment

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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 (3) days after presentment; otherwise, only on payment.

History. Acts 1961, No. 185, § 2-514; A.S.A. 1947, § 85-2-514.


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