Iowa Code § 554.4502 - Presentment of “on arrival” drafts
A collecting bank may wait to present a draft until a reasonable time for the goods’ arrival has passed, and it must tell its transferor if payment or acceptance is refused because the goods have not arrived.
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- United States — Iowa
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- en
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dishonor draft presentment payment refusal
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Iowa Code § 554.4502 - Presentment of “on arrival” drafts
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