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Ark. Code Ann. § 4-2-507

Effect of seller's tender — Delivery on condition

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Acts 1961, No. 185, § 2-507; A.S.A. 1947, § 85-2-507.

(1) Tender of delivery is a condition to the buyer's duty to accept the goods and, unless otherwise agreed, to his duty to pay for them. Tender entitles the seller to acceptance of the goods and to payment according to the contract.

(2) Where payment is due and demanded on the delivery to the buyer of goods or documents of title, his right as against the seller to retain or dispose of them is conditional upon his making the payment due.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.