70A-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;
(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
70A-2-513);
(3) 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
(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
(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.
Amended by Chapter 42, 2006 General Session
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Last revised: Thursday, May 28, 2009