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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 2:
Section: 12A: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.
L.1961, c. 120, s. 2-514.
This section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:2-514 (if available):
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