Alabama Statutes

§ 7-2-514 — When Documents Deliverable on Acceptance; When on Payment

Alabama·Title 7 Commercial Code·Art. 2 Sales·Part 5 Performance
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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Legislative History

(Acts 1965, No. 549, p. 811.)

Nearby Sections

15
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