Va. Code Ann. § 8.2-514 – When documents deliverable on acceptance; when on payment | Midpage
§ 8.2-514
Va. Code Ann. § 8.2-514
When documents deliverable on acceptance; when on payment
Effective Jul 1, 19641964, c. 219.
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.