Revised Code of Washington - RCW Title 62A Uniform Commercial Code - Section 62A.2-514 When documents deliverable on acceptance; when on payment

§ 62A.2-514. When documents deliverable on acceptance; when on payment

Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, only on payment.

[1965 ex.s. c 157 § 2-514. Cf. former RCW 81.32.411; 1961 c 14 § 81.32.411; prior: 1915 c 159 § 41; RRS § 3687; formerly RCW 81.32.500.]

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Last modified: April 7, 2009