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This entry was published on 2014-09-22
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SECTION 2-514
When Documents Deliverable on Acceptance; When on Payment
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2, PART 5
Section 2--514. When Documents Deliverable on Acceptance; When on

Payment.

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.