(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.
(1959, P.A. 133, S. 1-205; P.A. 05-109, S. 11.)
History: P.A. 05-109 amended section to adopt the 2001 Revision of Uniform Commercial Code Article 1–General Provisions.
Burden of proof for establishment of custom and usage is on defendant. 160 C. 468. Cited. 198 C. 624; 216 C. 458.