(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.
History. Acts 1961, No. 185, § 2-507; A.S.A. 1947, § 85-2-507.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
§ 4-2-501. Insurable interest in goods — Manner of identification of goods
§ 4-2-502. Buyer's right to goods on seller's repudiation, failure to deliver, or insolvency
§ 4-2-503. Manner of seller's tender of delivery
§ 4-2-505. Seller's shipment under reservation
§ 4-2-506. Rights of financing agency
§ 4-2-507. Effect of seller's tender — Delivery on condition
§ 4-2-508. Cure by seller of improper tender or delivery — Replacement
§ 4-2-509. Risk of loss in the absence of breach
§ 4-2-510. Effect of breach on risk of loss
§ 4-2-511. Tender of payment by buyer — Payment by check
§ 4-2-512. Payment by buyer before inspection
§ 4-2-513. Buyer's right to inspection of goods
§ 4-2-514. When documents deliverable on acceptance — When on payment