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.
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.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 1 - Uniform Commercial Code - Revised Article 1. General Provisions
Part 2 - . General Definitions and Principles of Interpretation
§ 75-1-201. General definitions
§ 75-1-203. Lease distinguished from security interest