Reasonable Time

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Reasonable Time

In the absence of an express or fixed time established by the parties to an agreement or contract (especially one that falls under the purview of the Uniform Commercial Code [UCC]), any time which is not manifestly unreasonable under the circumstances. For example, if a contract does not fix a specific time for performance, the law will infer (and impose) a reasonable time for such performance. This is defined as that amount of time which is fairly necessary, conveniently, to do what the contract requires to be done, as soon as circumstances permit. The term "reasonable time" has other (related) applications: UCC 2-206(2) requires that acceptance of an offer be made within a "reasonable time" if no time is specified.

The reasonableness or unreasonableness of time used or taken by a party may be the subject of Judicial Review in light of the nature, purpose, and circumstances of each case. In considering whether there has been unreasonable delay in performance, a court may also consider other factors such as prior dealings between the parties, business routine or custom within the trade, and whether there were any objective manifestations of expectation expressed between the parties.

reasonable time

n. in contracts, common custom in the business or under the circumstances will define "reasonable time" to perform or pay. It is bad practice to draft a contract using such a vague term.

REASONABLE TIME. The English law, which in this respect, has been adopted by us, frequently requires things to be done within a reasonable time; but what a reasonable time is it does not define: quam longum debet esse rationabile tempus, non definitur in lege, sed pendet ex discretione justiciariorum. Co. Litt, 50. This indefinite requisition is the source of much litigation. A bill of exchange, for example, must be presented within a reasonable time Chitty, Bills, 197-202. An abandonment must be made within a reasonable time after advice received of the loss. Marsh. Insurance, 589.
     2. The commercial code of France fixes a time in both these cases, which varies in proportion to the distance. See Code de Com. L. 1, t. 8, s. 1, Sec. 10, art. 160; Id. L. 5, t. 10, s. 3, art. 373. Vide, generally, 6 East, 3; 7 East, 385; 3 B. & P. 599; Bayley on Bills, 239; 7 Taunt. 159, 397; 15 Pick. R. 92,; 3 Watts. R. 339; 10 Wend. R. 304; 13 Wend. R. 549; 1 Hall's R. 56 6 Wend. R. 369; Id. 443; 1 Leigh's N. P. 435; Co. Litt. 56 b.

References in classic literature ?
While we are considerate enough to give you reasonable time in which to carry out your share of the transaction, please do not delay too long.
John's Wood being known to me, I inquired in the neighbourhood, and having found out the agent who had the disposal of the furnished house in which he lived, I asked if number five, Forest Road, was likely to be let within a reasonable time.
My hedge was begun and carried on, I believe, about fifty yards when this thought occurred to me; so I presently stopped short, and, for the beginning, I resolved to enclose a piece of about one hundred and fifty yards in length, and one hundred yards in breadth, which, as it would maintain as many as I should have in any reasonable time, so, as my stock increased, I could add more ground to my enclosure.
At any rate, we have proved one thing, that the spells of quietness last a reasonable time.
She waited a reasonable time to hear her son's light step bounding over the rustling leaves to tell of his success.
The security necessary was a bill of sale on the furniture of his house, which might make a creditor easy for a reasonable time about a debt amounting to less than four hundred pounds; and the silversmith, Mr.
I shall follow my message if I do not hear from you in reasonable time.
At a reasonable time after dinner I propose to lead the conversation back again--as inartificially as I can--to the subject of the Diamond, and of the Indian conspiracy to steal it.
If that could be promised him within what he conceived to be a reasonable time, he, for his part, guaranteed diligence and sobriety at college for four or five years.
If, on the other hand, what I have reason to think will happen, should happen--within reasonable time, and the present position is not in any way offensive to you, delay would, in my opinion, serve all our interests better than a premature explanation, which is bound to cause more surprise than is desirable--"
Best realizes that actual loss estimates will take time to accumulate, it is expected that all rated companies will provide preliminary modeled loss estimates and/or ranges within a reasonable time frame.
They also urged the agency to complete the east-west line ``within a reasonable time frame'' following milestones the council already has approved.