1302.58 When documents deliverable on acceptance - when on payment - UCC 2-514.
1302.58 When documents deliverable on acceptance - when on payment - UCC 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.
Effective Date: 07-01-1962