§2-511. Tender of payment by buyer; payment by check
(1). Unless otherwise agreed, tender of payment is a condition to the seller's duty to tender and complete any delivery.
(2). 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.
(3). Subject to the provisions of this Title on the effect of an instrument on an obligation (section 3‑1310), payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment.
[PL 1993, c. 293, Pt. B, §5 (AMD).]
SECTION HISTORY
PL 1993, c. 293, §B5 (AMD).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
11 §2-501. Insurable interest in goods; manner of identification of goods
11 §2-502. Buyer's right to goods on seller's repudiation, failure to deliver or insolvency
11 §2-503. Manner of seller's tender of delivery
11 §2-505. Seller's shipment under reservation
11 §2-506. Rights of financing agency
11 §2-507. Effect of seller's tender; delivery on condition
11 §2-508. Cure by seller of improper tender or delivery; replacement
11 §2-509. Risk of loss in the absence of breach
11 §2-510. Effect of breach on risk of loss
11 §2-511. Tender of payment by buyer; payment by check
11 §2-512. Payment by buyer before inspection
11 §2-513. Buyer's right to inspection of goods
11 §2-514. When documents deliverable on acceptance; when on payment