Illinois Statutes
§ 2-514 — When documents deliverable on acceptance; when on payment
Illinois·Topic BUSINESS AND EMPLOYMENT·Ch. 810 COMMERCIAL CODE·Act 810 ILCS 5/ Uniform Commercial Code.·Art. Article 2 - Sales
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 3 days after presentment; otherwise, only on payment.
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Legislative History
(Source: Laws 1961, p. 2101.)
Nearby Sections
15
§ 2-101
Short title§ 2-102
§ 2-102§ 2-104
Definitions§ 2-105
§ 2-105§ 2-106
§ 2-106§ 2-203
Seals inoperative§ 2-204
Formation in general§ 2-205
Firm offers§ 2-208
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