2010 Georgia Code 11-4-502 Case Law
Home
Menu


Jacksonville Attorney
Graham W. Syfert, Esq.

1650 Margaret St, Ste. 302, PMB#264
Jacksonville, FL 32204


Phone: 904-383-7448
E-mail: graham@syfert.com
Fax: 904-638-4726

Enter Code Number:
16-14-4 or 16-13-32

One Click Case Law for § 11-4-502
O.C.G.A. § 11-4-501 <-- --> O.C.G.A. §11-4-503



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 4 - BANK DEPOSITS AND COLLECTIONS
PART 5 - COLLECTION OF DOCUMENTARY DRAFTS
§ 11-4-502 - Presentment of "on arrival" drafts

O.C.G.A. 11-4-502 (2010)
11-4-502. Presentment of "on arrival" drafts


If a draft or the relevant instructions require presentment "on arrival," "when goods arrive," or the like, the collecting bank need not present until in its judgment a reasonable time for arrival of the goods has expired. Refusal to pay or accept because the goods have not arrived is not dishonor; the bank must notify its transferor of the refusal but need not present the draft again until it is instructed to do so or learns of the arrival of the goods.

Georgia Caselaw Research

Google Scholar

Graham Syfert - Jacksonville Lawyer

Home * About Graham Syfert * Contact Us * Map and Location
Graham's Personal Blog


Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com