30-1-204. Reasonable time — seasonableness. (1) Whether a time for taking an action required by this code is reasonable depends on the nature, purpose, and circumstances of the action.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

(2)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.