Louisiana Statutes
§ 10:1-205 — Reasonable time; seasonableness
Louisiana·Title 10 Commercial Laws
(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.
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Related
Philadelphia Gear Corporation v. Central Bank
717 F.2d 230 (Fifth Circuit, 1983)
Pennzoil Company v. Federal Energy Regulatory Commission
789 F.2d 1128 (Fifth Circuit, 1986)
David Y. Martin, Jr., Inc. v. Heublein, Inc.
943 F. Supp. 637 (E.D. Louisiana, 1996)
Legislative History
Added by Acts 1974, No. 92, §1, eff. Jan. 1, 1975 ; Acts 2006, No. 533, §1.
Nearby Sections
15
§ 10:1-101
§ 10:1-101§ 10:1-102
Scope of Chapter§ 10:1-104
Construction against implied repeal§ 10:1-105
[Reserved.]§ 10:1-106
[Reserved.]§ 10:1-107
[Reserved.]§ 10:1-201
General definitions§ 10:1-202
Notice; knowledge§ 10:1-204
Value§ 10:1-205
Reasonable time; seasonableness§ 10:1-206
Presumptions