Sec. 42a-2-514. When documents deliverable on acceptance; when on payment.

      Sec. 42a-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.

      (1959, P.A. 133, S. 2-514.)