Business & Commerce Code § 4.502
A collecting bank may delay presentment of an on-arrival draft until a reasonable time for the goods to arrive has passed, and if payment or acceptance is refused because the goods have not arrived, the bank must notify its transferor.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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collections draft presentment payment refusal
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Business & Commerce Code § 4.502
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