§ 6A-2-310 - Open time for payment or running of credit – Authority to ship under reservation. - Rhode Island Statutes

SECTION 6A-2-310

   § 6A-2-310  Open time for payment orrunning of credit – Authority to ship under reservation. – Unless otherwise agreed,

   (a) Payment is due at the time and place at which the buyeris to receive the goods even though the place of shipment is the place ofdelivery; and

   (b) If the seller is authorized to send the goods he or shemay ship them under reservation, and may tender the documents of title, but thebuyer may inspect the goods after their arrival before payment is due unlesssuch inspection is inconsistent with the terms of the contract (§6A-2-513); and

   (c) If delivery is authorized and made by way of documents oftitle otherwise than by subsection (b) then payment is due regardless of wherethe goods are to be received: (i) at the time and place at which the buyer isto receive delivery of the tangible documents; or (ii) at the time the buyer isto receive the electronic documents and at the seller's place of business or ifnone, the seller's residence; and

   (d) Where the seller is required or authorized to ship thegoods on credit the credit period runs from the time of shipment, butpostdating the invoice or delaying its dispatch will correspondingly delay thestarting of the credit period.