Alaska Statutes (Last Updated: January 11, 2017) |
Title 45. TRADE AND COMMERCE. |
Chapter 45.02. SALES. |
Article 45.02.05. PERFORMANCE. |
Section 45.02.514. When documents deliverable on acceptance; when on payment.
Latest version.
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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.
Notes
History
(Sec. 2.514 ch 114 SLA 1962)