355.2 -511 Tender of payment by buyer -- Payment by check. (1) Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery. (2) Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business unless the seller dema nds payment in legal tender and gives any extension of time reasonably necessary to procure it. (3) Subject to the provisions of this chapter on the effect of an instrument on an obligation (KRS 355.3 -310), payment by check is conditional and is defeated a s between the parties by dishonor of the check on due presentment. Effective: January 1, 1997 History: Amended 1996 Ky. Acts ch. 130, sec. 69, effective January 1, 1997 -- Created 1958 Ky. Acts ch. 77, sec. 2 -511, effective July 1, 1960.
Kentucky Legal Code