Indiana Statutes
§ 26-1-1-204 — Time; reasonable time; "seasonably"
(1)Whenever IC 26-1 requires any action
to be taken within a reasonable time, any time which is not manifestly
unreasonable may be fixed by agreement.
(2)What is a reasonable time for taking any action depends on the
nature, purpose, and circumstances of such action.
(3)An action is taken "seasonably" when it is taken at or within the
time agreed or, if no time is agreed, at or within a reasonable time.
Formerly: Acts 1963, c.317, s.1-204. As amended by
P.L.152-1986, SEC.117.
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Related
McClure Oil Corp. v. Murray Equipment, Inc.
515 N.E.2d 546 (Indiana Court of Appeals, 1987)
Monarch Beverage Co., Inc. v. Tyfield Importers, Inc.
823 F.2d 1187 (Seventh Circuit, 1987)
Tri-Pac, Inc. v. Fallien Cosmeceuticals Ltd
(N.D. Indiana, 2025)
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
Severability