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 the seller may ship them under reservation, and may tender the documents of title, but, pursuant to ORS 72.5130, the buyer may inspect the goods after their arrival before payment is due unless such inspection is inconsistent with the terms of the contract; and
(3) If delivery is authorized and made by way of documents of title otherwise than by subsection (2) of this section then payment is due at the time and place at which the buyer is to receive the documents regardless of where the goods are to be received; 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 postdating the invoice or delaying its dispatch will correspondingly delay the starting of the credit period. [1961 c.726 §72.3100]
Section: Previous 72.3030 72.3040 72.3050 72.3060 72.3070 72.3080 72.3090 72.3100 72.3110 72.3120 72.3130 72.3140 72.3150 72.3160 72.3170 NextLast modified: August 7, 2008