When documents deliverable on acceptance; when on payment.
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.
[1965 ex.s. c 157 s 2-514. Cf. former RCW 81.32.411; 1961 c 14 s 81.32.411; prior: 1915 c 159 s 41; RRS s 3687; formerly RCW 81.32.500.]