There Is a Newer Version of the Kentucky Revised Statutes
  1. 2025 Kentucky Rev. Stat.
  2. 2024 Kentucky Rev. Stat.
  3. 2023 Kentucky Rev. Stat.
  4. 2011 Kentucky Rev. Stat. (here)
  5. View All Versions
View Our Newest Version Here

2011 Kentucky Revised Statutes
Article 2 Sales
355.2.310 Open time for payment or running of credit -- Authority to ship under reservation.

Universal Citation:
KY Rev Stat § 355.2.310 (1996 through Reg Sess)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Download pdf

355.2-310 Open time for payment or running of credit -- Authority to ship under reservation. 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 (KRS 355.2-513); and (3) if delivery is authorized and made by way of documents of title otherwise than by subsection (2) then payment is due at the time and place at which the buyer is to receive the documents regardless of where the goods are to be received; and (4) 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. Effective: July 1, 1960 History: Created 1958 Ky. Acts ch. 77, sec. 2-310, effective July 1, 1960.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.