Source: L. 65: p. 1308, § 1. C.R.S. 1963: § 155-2-309.
Prior Uniform Statutory Provision: Subsection (1) -- see Sections 43(2), 45(2), 47(1) and 48, Uniform Sales Act, for policy continued under this Article; Subsection (2) -- none; Subsection (3) -- none.
Changes: Completely different in scope.
Purposes of Changes and New Matter:
When both parties let an originally reasonable time go by in silence, the course of conduct under the contract may be viewed as enlarging the reasonable time for tender or demand of performance. The contract may be terminated by abandonment.
Cross References:
Point 1: Sections 4-1-203, 4-1-204 and 4-2-103.
Point 2: Sections 4-2-320, 4-2-321, 4-2-504, and 4-2-511 through 4-2-514.
Point 5: Section 4-1-203.
Point 6: Section 4-2-609.
Point 7: Section 4-2-204.
Point 9: Sections 4-2-106, 4-2-318, 4-2-610 and 4-2-703.
Definitional Cross References:
"Agreement". Section 4-1-201.
"Contract". Section 4-1-201.
"Notification". Section 4-1-201.
"Party". Section 4-1-201.
"Reasonable time". Section 4-1-204.
"Termination". Section 4-2-106.
Structure Colorado Code
Title 4 - Uniform Commercial Code
Part 3 - General Obligation and Construction of Contract
§ 4-2-301. General Obligations of Parties
§ 4-2-302. Unconscionable Contract or Clause
§ 4-2-303. Allocation or Division of Risks
§ 4-2-304. Price Payable in Money, Goods, Realty, or Otherwise
§ 4-2-306. Output, Requirements, and Exclusive Dealings
§ 4-2-307. Delivery in Single Lot or Several Lots
§ 4-2-308. Absence of Specified Place for Delivery
§ 4-2-309. Absence of Specific Time Provisions - Notice of Termination
§ 4-2-310. Open Time for Payment or Running of Credit - Authority to Ship Under Reservation
§ 4-2-311. Options and Cooperation Respecting Performance
§ 4-2-312. Warranty of Title and Against Infringement - Buyer's Obligation Against Infringement
§ 4-2-313. Express Warranties by Affirmation, Promise, Description, Sample
§ 4-2-314. Implied Warranty - Merchantability - Usage of Trade
§ 4-2-315. Implied Warranty - Fitness for Particular Purpose
§ 4-2-316. Exclusion or Modification of Warranties
§ 4-2-317. Cumulation and Conflict of Warranties Express or Implied
§ 4-2-318. Third Party Beneficiaries of Warranties Express or Implied
§ 4-2-319. f.o.b. and f.a.s. Terms
§ 4-2-320. c.i.f. and C. & F. Terms
§ 4-2-323. Form of Bill of Lading Required in Overseas Shipment - "Overseas"
§ 4-2-324. "No Arrival, No Sale" Term
§ 4-2-325. "Letter of Credit" - "Confirmed Credit"
§ 4-2-326. Sale on Approval and Sale or Return - Rights of Creditors
§ 4-2-327. Special Incidents of Sale on Approval and Sale or Return