Laws, Regulations & Annotations

Business Taxes Law Guide – Revision 2014
 

Sales and Use Tax Annotations


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S

495.0000 SALE

Annotation 495.0700

(c) TIME AND PLACE OF SALE

495.0700 Uniform Commercial Code—Effect of. After January 1, 1965, the effective date of the Uniform Commercial Code, title to tangible personal property passes to the buyer upon physical delivery by the seller, even if payment is made by a check that is subsequently dishonored, unless there is an explicit agreement to the contrary. Transactions occurring prior to January 1, 1965, are governed by prior law. 9/25/67.