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Open Time And Place For Payment Or Running Of Credit; Shipment Under Reservation; Inspection - Mich. Comp. Laws Section 440.2310

Legal Research Home > Michigan Lawyer > Uniform Commercial Code > Open Time And Place For Payment Or Running Of Credit; Shipment Under Reservation; Inspection - Mich. Comp. Laws Section 440.2310

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UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962


440.2310 Open time and place for payment or running of credit; shipment under reservation; inspection.

Sec. 2310.

Unless otherwise agreed

(a) payment is due at the time and place at which the buyer is to receive the goods even though the place of shipment is the place of delivery; and

(b) if the seller is authorized to send the goods he may ship them under reservation, and may tender the documents of title, but the buyer may inspect the goods after their arrival before payment is due unless such inspection is inconsistent with the terms of the contract (section 2513); and

(c) if delivery is authorized and made by way of documents of title otherwise than by subsection (b) then payment is due at the time and place at which the buyer is to receive the documents regardless of where the goods are to be received; and

(d) where the seller is required or authorized to ship the goods on credit the credit period runs from the time of shipment but postdating the invoice or delaying its dispatch will correspondingly delay the starting of the credit period.


History: 1962, Act 174, Eff. Jan. 1, 1964

Section:  Previous  440.2303  440.2304  440.2305  440.2306  440.2307  440.2308  440.2309  440.2310  440.2311  440.2312  440.2313  440.2313b  440.2314  440.2315  440.2316  Next

Last modified: January 1, 2008