Sec. 2507.
(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: 1962, Act 174, Eff. Jan. 1, 1964
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 2 - Sales (440.2101...440.2725)
174-1962-2-5 - Part 5 Performance (440.2501...440.2515)
Section 440.2501 - Special Property and Insurable Interest in Goods; Identification of Goods.
Section 440.2502 - Special Property and Insurable Interest in Goods.
Section 440.2504 - Delivery by Shipment; Contract With Carrier, Documents, Notice.
Section 440.2505 - Shipment With and Without Reservation by Seller.
Section 440.2506 - Financing Agency; Rights; Reimbursement.
Section 440.2507 - Tender of Delivery; Conditions, Payment.
Section 440.2508 - Improper Delivery; Cure, Replacement.
Section 440.2509 - Risk of Loss; Absence of Breach.
Section 440.2510 - Risk of Loss; Effect of Breach.
Section 440.2511 - Payment by Buyer; Tender, Check.
Section 440.2512 - Payment by Buyer; Inspection, Nonconforming Goods.
Section 440.2513 - Inspection by Buyer; Time, Expenses, Place, Method.
Section 440.2514 - Documents; Delivery to Drawee on Acceptance or Payment.
Section 440.2515 - Adjustment of Dispute; Preservation of Evidence, Inspection.