§ 26-1-2-507 — Effect of seller's tender; delivery on condition

(1) Tender of delivery is a condition to the
buyer's duty to accept the goods and, unless otherwise agreed, to his
duty to pay for them. Tender entitles the seller to acceptance of the
goods and to payment according to the contract.
(2) Where payment is due and demanded on the delivery to the
buyer of goods or documents of title, his right as against the seller to
retain or dispose of them is conditional upon his making the payment
due.
Formerly: Acts 1963, c.317, s.2-507.