GroundRules
N.C. Gen. Stat. § 25-2-514: When documents deliverable on acceptance; when on payment.
Where this section sits in the code
- Chapter 25. Uniform Commercial Code.
- Article 2. Sales.
- Part 5. Performance.
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. (1965, c. 700, s. 1.)
Collected 2026-08-27T17:58:47Z. Source file · JSON