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HomeCommercial CodeDiv. 2Ch. 5§ 2514 Draft Document Delivery Rules

§ 2514 Draft Document Delivery Rules

Commercial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 2514 Draft Document Delivery Rules

Key Takeaways

  • •If you write a check that takes more than 3 days to pay, you must give the papers related to it when the check is accepted.
  • •If the check pays right away (in 3 days or less), you only give the papers when the check is actually paid.
  • •This rule can be changed if everyone involved agrees to something different.

Example

You sell your bike to someone and they pay with a check that takes a week to clear.

You have to give them the bike’s papers right when they accept the check, not when the money actually arrives.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 2514 Draft Document Delivery Rules

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 days after presentment; otherwise, only on payment. (Enacted by Stats. 1963, Ch. 819.)

Last verified: January 23, 2026

Key Terms

draftdraweeacceptancepayment

Related Statutes

  • § 10508 Lessor Default Remedies
  • § 10511 Lessee Disposal Of Rejected Goods
  • § 10516 Lessee Rent And Acceptance
  • § 10523 Lessee Default Remedies
  • § 2506 Financing Agency Draft Rights

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Commercial Code. Section 2514.
View Official Source