O.C.G.A.

O.C.G.A. § 11-2-514 (2019)

When documents deliverable on acceptance; when on payment

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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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.

T.11, A.2, P.6

History

Code 1933, § 109A-2-514, enacted by Ga. L. 1962, p. 156, § 1.

Annotations

RESEARCH REFERENCES Am. Jur. 2d. 13 Am. Jur. 2d, Carriers, § 367. Am. Jur. Pleading and Practice Forms. 6 Am. Jur. Pleading and Practice Forms, Commercial Code, § 2:370.

C.J.S. 77A C.J.S., Sales, §§ 153, 208. U.L.A. Uniform Commercial Code (U.L.A.) § 2514.