reasonable time

reasonable time
A period consistent with reasonable dispatch and without unreasonable delay. 37 Am J2d Fraud § 417. A time that is reasonable considering the nature, purpose, arid circumstances of the relevant act. UCC § 1-204(2). A time for presentment or a check for payment that is reasonable from the standpoint of the nature of the instrument, the usage of' the trade or business, arid the facts of the particular case. 11I Am J2d B & N § 764. For performance of contract in absence of condition as to time, a time which is reasonable from the standpoint of the subject matter of the contract, the situation of the parties, their intention, what they contemplated at the time the contract was made, and the circumstances attending performance. 17 Am J2d Contr § 330.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

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