Section 7-4-502 Presentment of “On Arrival” Drafts.
If presentment is required on arrival of goods, the collecting bank may wait a reasonable time before presenting the draft, must notify its transferor if it refuses because the goods have not arrived, and may avoid presenting again until instructed or until it learns the goods have arrived.
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- United States — Alabama
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- en
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banking collections drafts
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Section 7-4-502 Presentment of “On Arrival” Drafts.
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