When documents deliverable on acceptance; when on payment

N.J. Stat. § 12A:2-514
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
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. L.1961, c. 120, s. 2-514.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026

Starting a business in New Jersey? New Jersey LLC guide: costs and requirements