Part 3: GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT
§2-310. Open time for payment or running of credit; authority to ship under reservation
Unless otherwise agreed
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
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
If delivery is authorized and made by way of documents of title otherwise than by subsection (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 [2009, c. 324, Pt. B, §48 (AFF); 2009, c. 324, Pt. B, §6 (NEW).]
(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 [2009, c. 324, Pt. B, §48 (AFF); 2009, c. 324, Pt. B, §6 (NEW).]
2009, c. 324, Pt. B, §48 (AFF);
2009, c. 324, Pt. B, §6 (RPR)
Where the seller is required or authorized to ship the goods on credit the credit period runs from the time of shipment
but postdating the invoice or delaying its dispatch will correspondingly delay the starting of the credit period.
2009, c. 324, Pt. B, §48 (AFF).
2009, c. 324, Pt. B, §6 (AMD).
Data for this page extracted on 10/16/2012 08:20:53.
The Revisor's Office cannot provide legal advice or
interpretation of Maine law to the public. If you need legal
advice, please consult
a qualified attorney.