Sec. 45.02.514. When documents deliverable on acceptance; when on payment.
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/ak/title-45/chapter-2/45-02-514A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.02.514. When documents deliverable on acceptance; when on 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.