75-2-514 - When documents deliverable on acceptance; when on payment.
§ 75-2-514. 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 (3) days after presentment; otherwise, only on payment.
Sources: Codes, 1942, § 41A:2-514; Laws, 1966, ch. 316, § 2-514, eff March 31, 1968.