§ 41-02-27 — (2-310) Open time for payment or running of credit - Authority to ship under reservation

North Dakota § 41-02-27

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-02: Sales

Text

reservation.
Unless otherwise agreed:
1. Payment is due at the time and place at which the buyer is to receive the goods even
though the place of shipment is the place of delivery.
2. If the seller is authorized to send the goods, the seller may ship them under
reservation, and may tender the documents of title, but the buyer may inspect the

goods after their arrival before payment is due unless such inspection is inconsistent
with the terms of the contract (section 41-02-61).
3. If delivery is authorized and made by way of documents of title otherwise than by
subsection 2, then payment is due regardless of where the goods are to be received:
a. At the time and place at which the buyer is to receive delivery of the tangible
documents; or
b. At the time the buyer is to receive delivery of the electronic documents and at the
seller's place of business or if none, the seller's residence.
4. If the seller is required or authorized to ship the goods on credit, the credit period runs
from the time of shipment but postdating the invoice or delaying its dispatch will
correspondingly delay the starting of the credit period.