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Code of Virginia

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Code of Virginia
Title 8.1A. Uniform Commercial Code — General Provisions
Part 2. General Definitions and Principles of Interpretation
3/10/2025

§ 8.1A-205. Reasonable time; seasonableness.

(a) 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.

(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.

1964, c. 219, § 8.1-204 (2)-(3); 2003, c. 353.

The chapters of the acts of assembly referenced in the historical citation at the end of this section may not constitute a comprehensive list of such chapters and may exclude chapters whose provisions have expired.