Texas Business & Commerce Code - Section 2.310. Open Time For Payment Or Running Of Credit; Authority To Ship Under Reservation

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 2.310. Open Time For Payment Or Running Of Credit; Authority To Ship Under Reservation

§ 2.310. OPEN TIME FOR PAYMENT OR RUNNING OF CREDIT;  
AUTHORITY TO SHIP UNDER RESERVATION.  Unless otherwise agreed
		(1)  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
		(2)  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 2.513);  and
		(3)  if delivery is authorized and made by way of 
documents of title otherwise than by Subdivision (2) then payment 
is due regardless of where the goods are to be received:
			(A)  at the time and place at which the buyer is to 
receive delivery of the tangible documents;  or
			(B)  at the time the buyer is to receive delivery 
of the electronic documents and at the seller's place of business or 
if none, the seller's residence;  and
		(4)  where the seller is required or authorized to ship 
the goods on credit the credit period runs from the time of shipment 
but post-dating the invoice or delaying its dispatch will 
correspondingly delay the starting of the credit period.

Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.  
Amended by Acts 2005, 79th Leg., ch. 122, § 5, eff. Sept. 1, 
2005.

Last modified: August 10, 2007