Section 2-514 - When documents deliverable on acceptance; when on payment.
§ 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.
[An. Code 1957, art. 95B, § 2-514; 1975, ch. 49, § 2.]