Ch. 95

2004 LAWS OF MARYLAND

received] 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 postdating the invoice or
delaying its dispatch will correspondingly delay the starting of the credit period.

2-323.

(2)     Where in a case within subsection (1) a TANGIBLE bill of lading has been
issued in a set of parts, unless otherwise agreed if the documents are not to be sent
from abroad the buyer may demand tender of the full set; otherwise only one part of
the bill of lading need be tendered. Even if the agreement expressly requires a full set

(a)     Due tender of a single part is acceptable within the provisions of this
title on cure of improper delivery (subsection (1) of § 2-508); and

(b)     Even though the full set is demanded, if the documents are sent from
abroad the person tendering an incomplete set may nevertheless require payment
upon furnishing an indemnity which the buyer in good faith deems adequate.

2-401.

(3)     Unless otherwise explicitly agreed where delivery is to be made without
moving the goods,

(a)     If the seller is to deliver a TANGIBLE document of title, title passes at
the time when and the place where he delivers such documents AND IF THE SELLER IS
TO DELIVER AN ELECTRONIC DOCUMENT OF TITLE, TITLE PASSES WHEN THE
SELLER DELIVERS THE DOCUMENT; or

(b)     If the goods are at the time of contracting already identified and no
documents OF TITLE are to be delivered, title passes at the time and place of
contracting.

2-503.

(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
[written direction to] RECORD DIRECTING the bailee to deliver is sufficient tender
unless the buyer seasonably objects, and EXCEPT AS OTHERWISE PROVIDED IN TITLE
9 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

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