§ 34.1-2-310 — Open time for payment or running of credit; authority to ship under reservation

(a) Unless otherwise agreed:
(i) 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
(ii) If the seller is authorized to send the goods he
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 34.1-2-513); and
(iii) If delivery is authorized and made by way of
documents of title otherwise than by subdivision (ii) 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; and
(iv) 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.