440.2310 Open time and place for payment or running of credit; shipment under reservation; inspection.

249 words·~1 min read·/mi/chapter-440/440-2310

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Sec. 2310.

Unless otherwise agreed, all of the following apply:

(a)Payment is due at the time and place at which the buyer is to receive the goods even if the place of shipment is the place of delivery.

(b)If the seller is authorized to send the goods, the seller may ship them under reservation, and may tender the documents of title, but the buyer may inspect the goods after their arrival before payment is due unless that inspection is inconsistent with the terms of the contract pursuant to section 2513.

(c)If delivery is authorized and made by way of documents of title otherwise than by subdivision (b), then payment is due regardless of where the goods are to be received at 1 of the following times, as applicable:

(i)At the time and place at which the buyer is to receive delivery of the tangible documents.

(ii)At the time the buyer is to receive delivery of the electronic documents and at the seller's place of business or if none, the seller's residence.

(d)If the seller is required or authorized to ship the goods on credit, the credit period runs from the time of shipment but postdating the invoice or delaying its dispatch will correspondingly delay the starting of the credit period.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2012, Act 87 , Eff. July 1, 2013