When documents deliverable on acceptance — when on payment.

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  5. When documents deliverable on acceptance — when on payment.

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Effective - 28 Aug 1963

400.2-514. 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.

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(L. 1963 p. 503 § 2-514)


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