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55 chapters · 632 sections in this title.
13 Pa.C.S. § 4501 § 4501
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A bank that takes a documentary draft for collection shall present or send the draft and accompanying documents for presentment and, upon learning that the draft has not been paid or accepted in due course, shall seasonably notify its customer of the fact even though it may have …
13 Pa.C.S. § 4502 Presentment of "on arrival" drafts
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If a draft or the relevant instructions require presentment "on arrival", "when goods arrive" or the like, the collecting bank need not present until in its judgment a reasonable time for arrival of the goods has expired. Refusal to pay or accept because the goods have not arrive…
13 Pa.C.S. § 4503 § 4503
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Unless otherwise instructed and except as provided in Division 5 (relating to letters of credit), a bank presenting a documentary draft: (1) must deliver the documents to the drawee on acceptance of the draft if it is payable more than three days after presentment; otherwise, onl…
13 Pa.C.S. § 4504 Privilege of presenting bank to deal with goods; security interest for expenses
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(a) Dealing with goods following dishonor of documentary draft.--A presenting bank that, following the dishonor of a documentary draft, has seasonably requested instructions but does not receive them within a reasonable time may store, sell or otherwise deal with the goods in any…
