28-2-514. 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.
History:
[28-2-514, added 1967, ch. 161, sec. 2-514, p. 351.]
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