Texas Business & Commerce Code

§ 2.310 — OPEN TIME FOR PAYMENT OR RUNNING OF CREDIT; AUTHORITY TO SHIP UNDER RESERVATION

BC § 2.310Title 1. UNIFORM COMMERCIAL CODE · Ch. 2. SALES · Art. C. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT

Statute text

Unless otherwise agreed

(1)payment is due at the time and place at which the buyer is to receive the goods even though the place of shipment is the place of delivery; and

(2)if the seller is authorized to send the goods he may ship them under reservation, and may tender the documents of title, but the buyer may inspect the goods after their arrival before payment is due unless such inspection is inconsistent with the terms of the contract (Section 2.513); and

(3)if delivery is authorized and made by way of documents of title otherwise than by Subdivision (2) then payment is due regardless of where the goods are to be received:

(A)at the time and place at which the buyer is to receive delivery of the tangible documents; or

(B)at the time the buyer is to receive delivery of the electronic documents and at the seller's place of business or if none, the seller's residence; and

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Legislative history

Acts 2005, 79th Leg., Ch. 122 (S.B. 1593), Sec. 5, eff. September 1, 2005.