There is a newer version of the Vermont Statutes
2011 Vermont Code
Title 09A Uniform Commercial Code
Article 2 Sales
§ 514 When documents deliverable on acceptance; when on payment
9A VT Stats § 2-514. (2011 through Adj Sess) What's This?
§ 2-514. When documents deliverable on acceptance; when on payment
Unless otherwise agreed documents against which a draft is drawn are to be delivered to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, only on payment.
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