Arizona Revised Statutes § 47-2511 Tender Of Payment By Buyer; Payment By Check

47-2511. Tender of payment by buyer; payment by check

A. Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery.

B. 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.

C. Subject to the provisions of this title on the effect of an instrument on an obligation (section 47-3310), payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment.

Section: Previous  47-2504  47-2505  47-2506  47-2507  47-2508  47-2509  47-2510  47-2511  47-2512  47-2513  47-2514  47-2515  47-2601  47-2602  47-2603  Next

Last modified: October 13, 2016