New Jersey Statutes
§ 12A:1-205 — Reasonable time; seasonableness.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
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.
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Nearby Sections
15
§ 12A:1-101
Short titles.§ 12A:1-102
Scope of chapter.§ 12A:1-104
Construction against implied repeal.§ 12A:1-105
Severability.§ 12A:1-106
Use of singular and plural; gender.§ 12A:1-107
Section captions.§ 12A:1-201
General definitions.§ 12A:1-202
Notice; knowledge.§ 12A:1-203
Lease distinguished from security interest.§ 12A:1-204
Value.§ 12A:1-205
Reasonable time; seasonableness.§ 12A:1-206
Presumptions.