North Carolina General Statutes § 25-2-507 Effect of seller's tender; delivery on condition

(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. (1965, c. 700, s. 1.)

Sections:  Previous  25-2-402  25-2-501  25-2-502  25-2-503  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  Next

Last modified: March 23, 2014