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 ?
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--"
Miss Knag vanished without another word, and in all reasonable time was replaced by Kate, who took off the new bonnets and put on the old ones: blushing very much to find that the old lord and the two young ladies were staring her out of countenance all the time.
In order to economize in every way possible, so as to be sure to reach Hampton in a reasonable time, I continued to sleep under the same sidewalk that gave me shelter the first night I was in Richmond.
Into the silence and darkness of the pits you will enter upon your reflection this night with the knowledge that should you fail within a reasonable time to agree to the alternative which has been offered you, never shall you emerge from the darkness and the silence again.
And so it was arranged that he was to do this and await me there for a reasonable time. I pointed to a great lake upon the surface of the pendent world above us, telling him that if after this lake had ap-peared four times I had not returned to go either by water or land to Sari and fetch Ghak with an army.
Therefore, before communicating further with my son, I take the liberty of saying that if her removal would be in any way inconvenient or objectionable, I will hold the matter over with him for any reasonable time and leave it precisely where it is."
That she might not appear, however, to observe or expect him, she kept her eyes intently fixed on her fan; and a self-condemnation for her folly, in supposing that among such a crowd they should even meet with the Tilneys in any reasonable time, had just passed through her mind, when she suddenly found herself addressed and again solicited to dance, by Mr.
Congress contemplated that a taxpayer making the election might be asked to execute a waiver of the statute of limitations (SOL) for the applicable period and for a reasonable time thereafter.