Vermont § 503 - § 2—503.

Full text of Vermont Vermont Statutes Online § 503 — § 2—503., with citation guidance and answers to common questions.

§ 503. § 2—503.

  • Manner of seller’s tender of delivery (1) Tender of delivery requires that the seller put and hold conforming goods at the buyer’s
    disposition and give the buyer any notification reasonably necessary to enable him
    or her to take delivery. The manner, time, and place for tender are determined by
    the agreement and this article, and in particular: (a) tender must be at a reasonable hour, and if it is of goods they must be kept available
    for the period reasonably necessary to enable the buyer to take possession; but (b) unless otherwise agreed the buyer must furnish facilities reasonably suited to the
    receipt of the goods. (2) Where the case is within the next section respecting shipment tender requires that
    the seller comply with its provisions. (3) Where the seller is required to deliver at a particular destination tender requires
    that he or she comply with subsection (1) of this section and also in any appropriate
    case tender documents as described in subsections (4) and (5) of this section. (4) Where goods are in the possession of a bailee and are to be delivered without being
    moved: (a) tender requires that the seller either tender a negotiable document of title covering
    such goods or procure acknowledgment by the bailee of the buyer’s right to possession
    of the goods; but (b) tender to the buyer of a nonnegotiable document of title or of a record directing
    the bailee to deliver is sufficient tender unless the buyer seasonably objects, and
    except as otherwise provided in Article 9 of this title receipt by the bailee of notification
    of the buyer’s rights fixes those rights as against the bailee and all third persons;
    but risk of loss of the goods and of any failure by the bailee to honor the nonnegotiable
    document of title or to obey the direction remains on the seller until the buyer has
    had a reasonable time to present the document or direction, and a refusal by the bailee
    to honor the document or to obey the direction defeats the tender. (5) Where the contract requires the seller to deliver documents: (a) he or she must tender all such documents in correct form, except as provided in this article with respect to bills of lading in a set (§ 2—323(2)); and (b) tender through customary banking channels is sufficient and dishonor of a draft accompanying
    or associated with the documents constitutes nonacceptance or rejection. (Amended 2015, No. 51, § B.5, eff. June 3, 2015.)

Frequently Asked Questions About Vermont § 503

What does Vermont Statutes Online § 503 cover?

Section 503 ("§ 2—503.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 503?

A common citation format is "Vermont Statutes Online § 503" (Vermont). 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 Vermont law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.

How does Vermont § 503 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.