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MAINE STATUTES AND CODES

11 §2-514. When documents deliverable on acceptance; when on payment

Title 11: UNIFORM COMMERCIAL CODE

Article 2: SALES

Part 5: PERFORMANCE

§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 3 days after presentment; otherwise only on payment.

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