Mass. Gen. Laws ch. 106, § 2-514 – When Documents Deliverable on Acceptance; When on Payment | Midpage
§ 2-514
Mass. Gen. Laws ch. 106, § 2-514
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.