Alabama Code (Last Updated: November 28, 2014) |
Title7 COMMERCIAL CODE. |
Article2. SALES. |
Part5. Performance. |
§7-2-514. When documents deliverable on acceptance; when on payment.
Latest version.
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Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, only on payment.