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 (3) days after presentment; otherwise, only on payment.
Tenn. Code Ann. § 47-2-514
When documents deliverable on acceptance — When on payment
Known as the Uniform Commercial Code
The act spans §§ 47–47 (578 sections).
Acts 1963, ch. 81, § 1 (2-514
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.