1. Contracts. The time needed to do what a contract requires to be done, based on subjective circumstances. • If the contracting parties do not fix a time for performance, the law will usu. presume a reasonable time. [Cases: Contracts 212. C.J.S. Contracts § 582.]
2. Commercial law. The time during which the UCC permits a party to accept an offer, inspect goods, substitute conforming goods for rejected goods, and the like. [Cases: Sales 22(5), 23(5), 166(1), 168(2), 179(6).C.J.S. Sales §§ 34, 176, 182, 186–187, 192, 194–198.]
