§ 402.310 — Open time for payment or running of credit; authority to ship under reservation.

Wisconsin § 402.310

• Jurisdiction: Wisconsin
• Ch. 402: Uniform commercial code — sales
• Subch.: subch. III of ch. 402 SUBCHAPTER III

Text

402.310 Unless otherwise agreed:
402.310(1) (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; and
402.310(2) (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 (s. 402.513 ); and
402.310(3) (3) If delivery is authorized and made by way of documents of title otherwise than by sub. (2) then payment is due regardless of where the goods are to be received at the time and place at which the buyer is to receive the documents; or 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; and
402.310(4) (4) Where 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.

Legislative History

402.310 History History: 1991 a. 316 ; 2009 a. 322 .