The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 2-310)
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§ 2—310. Open time for payment or running of credit; authority to ship under reservation
Unless otherwise agreed:
(a) payment is due at the time and place at which the buyer is to receive the goods even
though the place of shipment is the place of delivery; and
(b) if the seller is authorized to send the goods he or she may ship them under reservation, and may tender the documents of title, but the buyer may inspect the goods after their arrival before payment is due unless such inspection is inconsistent with the terms of the contract (§ 2—513); and
(c) if delivery is authorized and made by way of documents of title otherwise than by
subsection (b) of this section then payment is due regardless of where the goods are
to be received (i) at the time and place at which the buyer is to receive delivery
of the tangible documents; or (ii) at the time the buyer is to receive delivery of
the electronic documents and at the seller’s place of business, or if none, the seller’s
residence; and
(d) where the seller is required or authorized to ship the goods on credit the credit
period runs from the time of shipment but post-dating the invoice or delaying its
dispatch will correspondingly delay the starting of the credit period. (Amended 2015, No. 51, § B.5, eff. June 3, 2015.)