N.J.S.A. 12A:1-205

Reasonable time; seasonableness.

12A:1-205. Reasonable time; seasonableness. 12A:1-205. Reasonable Time; Seasonableness. a. Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose, and circumstances of the action. b. An action is taken seasonably if it is taken at or within the time agreed or, if no time is agreed, at or within a reasonable time. L.2013, c.65, s.1.

External source: View on Justia →

This is the verbatim text of N.J.S.A. 12A:1-205, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.