Section 7-2-514 When documents deliverable on acceptance; when on payment.
Section 7-2-514
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.
(Acts 1965, No. 549, p. 811.)