Indiana § 26-1-2-511 Tender of payment by buyer; payment by check

Indiana Statutes

§ 26-1-2-511 — Tender of payment by buyer; payment by check

Indiana § 26-1-2-511

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 2Sales

This text of Indiana § 26-1-2-511 (Tender of payment by buyer; payment by check) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-2-511 (2026).

Text

(1)Unless otherwise agreed, tender of payment is a condition to the seller's duty to tender and complete any delivery.

(2)Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business, unless the seller demands payment in legal tender and gives any extension of time reasonably necessary to procure it.

(3)Subject to the provisions of IC 26-1-3.1-802 on the effect of an instrument on an obligation, payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment. Formerly: Acts 1963, c.317, s.2-511. As amended by P.L.152-1986, SEC.148; P.L.222-1993, SEC.4.

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(1) Unless otherwise agreed, tender of
payment is a condition to the seller's duty to tender and complete any
delivery.
(2) Tender of payment is sufficient when made by any means or in
any manner current in the ordinary course of business, unless the seller
demands payment in legal tender and gives any extension of time
reasonably necessary to procure it.
(3) Subject to the provisions of IC 26-1-3.1-802 on the effect of an
instrument on an obligation, payment by check is conditional and is
defeated as between the parties by dishonor of the check on due
presentment.
Formerly: Acts 1963, c.317, s.2-511. As amended by
P.L.152-1986, SEC.148; P.L.222-1993, SEC.4.