Nebraska Uniform Commercial Code 2-507

UCC 2-507

2-507.

Effect of seller's tender; delivery on condition.

(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.

Source

  • Laws 1963, c. 544, Art. II, § 2-507, p. 1741.

Annotations

  • Where a seller of cattle reserved title in the invoice until payment was made, the buyer's right as against the seller is conditioned upon payment. Mid-South Order Buyers, Inc. v. Platte Valley Livestock, Inc., 210 Neb. 382, 315 N.W.2d 229 (1982).