North Carolina General Statutes § 25-2-511 Tender of payment by buyer; payment by check
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(1) Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery.
(2) Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business unless the seller demands payment in legal tender and gives any extension of time reasonably necessary to procure it.
(3) Subject to the provisions of this chapter on the effect of an instrument on an obligation (G.S. 25‑3‑310), payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment. (1965, c. 700, s. 1; 1995, c. 232, s. 5.)
Sections: 25-2-504 25-2-505 25-2-506 25-2-507 25-2-508 25-2-509 25-2-510 25-2-511 25-2-512 25-2-513 25-2-514 25-2-515 25-2-601 25-2-602 25-2-603
Last modified: February 21, 2012
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