Legislation

Search OpenLegislation Statutes

The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 1
No title
PART 2
General Definitions and Principles of Interpretation
previous
SECTION 1-204
Value
up
PART 2
General Definitions and Principles of Interpretation
next
SECTION 1-206
Presumptions
This entry was published on 2014-12-26
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 1-205
Reasonable Time; Seasonableness
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 1, PART 2
Section 1--205. Reasonable Time; Seasonableness.

(a) Whether a time for taking an action required by this act 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.