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.
Structure New York Laws
2-501 - Insurable Interest in Goods; Manner of Identification of Goods.
2-502 - Buyer's Right to Goods on Seller's Repudiation, Failure to Deliever, or Insolvency.
2-503 - Manner of Seller's Tender of Delivery.
2-505 - Seller's Shipment Under Reservation.
2-506 - Rights of Financing Agency.
2-507 - Effect of Seller's Tender; Delivery on Condition.
2-508 - Cure by Seller of Improper Tender or Delivery; Replacement.
2-509 - Risk of Loss in the Absence of Breach.
2-510 - Effect of Breach on Risk of Loss.
2-511 - Tender of Payment by Buyer; Payment by Check.
2-512 - Payment by Buyer Before Inspection.
2-513 - Buyer's Right to Inspection of Goods.
2-514 - When Documents Deliverable on Acceptance; When on Payment.