Sec. 2514.
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 3 days after presentment; otherwise, only on payment.
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.