- (a) Whether a time for taking an action required by this title 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.
(1959, P.A. 133, S. 1-205; P.A. 05-109, S. 11.)
History: P.A. 05-109 amended section to adopt the 2001 Revision of Uniform Commercial Code Article 1–General Provisions.