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Tender of Delivery; Conditions, Payment - Mich. Comp. Laws Section 440.2507

Legal Research Home > Michigan Laws > Uniform Commercial Code > Tender of Delivery; Conditions, Payment - Mich. Comp. Laws Section 440.2507

440.2507 Tender of delivery; conditions, payment.

Sec. 2507.

(1) Tender of delivery is a condition to the buyer's duty to accept the goods and, unless otherwise agreed, to his duty to pay for them. Tender entitles the seller to acceptance of the goods and to payment according to the contract.

(2) Where payment is due and demanded on the delivery to the buyer of goods or documents of title, his right as against the seller to retain or dispose of them is conditional upon his making the payment due.

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

Section: Previous 440.2503 440.2503.amended 440.2504 440.2505 440.2505.amended 440.2506 440.2506.amended 440.2507 440.2508 440.2509 440.2509.amended 440.2510 440.2511 440.2512 440.2513 Next

Last modified: March 17, 2013