California § 4502 - If a draft or the relevant instructions require presentment
Full text of California Public Contract Code - PCC § 4502 — If a draft or the relevant instructions require presentment, with citation guidance and answers to common questions.
§ 4502. If a draft or the relevant instructions require presentment
If a draft or the relevant instructions require presentment âon arrival,â âwhen goods arriveâ 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 arrived is not dishonor; the bank shall notify its transferor of the refusal but need not present the draft again until it is instructed to do so or learns of the arrival of the goods.
Frequently Asked Questions About California § 4502
What does Public Contract Code - PCC § 4502 cover?
Section 4502 ("If a draft or the relevant instructions require presentment") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 4502?
A common citation format is "Public Contract Code - PCC § 4502" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 4502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.