25-1-205. Reasonable time; seasonableness.
(a) Whether a time for taking an action required by this Chapter 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. (1899, c. 733, s. 193; Rev., s. 2343; C.S., s. 2978; 1965, c. 700, s. 1; 2006-112, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 25 - Uniform Commercial Code
Article 1 - General Provisions.
§ 25-1-102 - Scope of Article.
§ 25-1-104 - Construction against implied repeal.
§ 25-1-106 - Use of singular and plural; gender.
§ 25-1-107 - Section captions.
§ 25-1-108 - Relation to Electronic Signatures in Global and National Commerce Act.
§ 25-1-201 - General definitions.
§ 25-1-202 - Notice; knowledge.
§ 25-1-203 - Lease distinguished from security interest.
§ 25-1-205 - Reasonable time; seasonableness.
§ 25-1-301 - Territorial applicability; parties' power to choose applicable law.
§ 25-1-302 - Variation by agreement.
§ 25-1-303 - Course of performance, course of dealing, and usage of trade.
§ 25-1-304 - Obligation of good faith.
§ 25-1-305 - Remedies to be liberally administered.
§ 25-1-306 - Waiver or renunciation of claim or right after breach.
§ 25-1-307 - Prima facie evidence by third-party documents.
§ 25-1-308 - Performance or acceptance under reservation of rights.