Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 2 - Sales, 55-2-101 through 55-2-725. > Section 55-2-514 - When documents deliverable on acceptance; when on payment.

Section 55-2-514 - When documents deliverable on acceptance; when on payment.

55-2-514. 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.