2005 Idaho Code - 69-510 — PAYMENT OF PURCHASE PRICE

                                  TITLE  69
                                  WAREHOUSES
                                  CHAPTER 5
                             COMMODITY DEALER LAW
    69-510.  PAYMENT OF PURCHASE PRICE. A person required to be licensed as a
commodity dealer under the provisions of this chapter shall pay the purchase
price to the owner or his agent for agricultural commodities upon delivery or
demand by the owner or agent, but not later than thirty (30) days after
delivery by the owner or agent, unless otherwise agreed to by the parties in
writing. As used in this section, "delivery" means the transfer of title to
and possession of agricultural commodities by the owner or agent to the
commodity dealer or to another person in accordance with the agreement of the
owner or agent and the commodity dealer. As used in this section, "payment"
means the actual payment or tender of payment by the commodity dealer to the
owner or agent of the agreed purchase price.