Section 75-1-205 - 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or within a reasonable time.Former § 75-1-205 [Codes, 1942, § 41A:1-205; Laws, 1966, ch. 316, § 1-205, eff. 3/31/1968; repealed by Laws, 2010, ch. 506, § 44, eff. 7/1/2010] is now found in comparable provisions at § 75-1-303, enacted by Laws, 2010, ch. 506, § 3, eff. 7/1/2010; Present § 75-1-205 is derived from former § 75-1-204(2) and (3) [Codes, 1942, § 41A:1-204; Laws, 1966, ch. 316, § 1-204, eff. 3/31/1968; repealed by Laws, 2010, ch. 506, § 44, eff. 7/1/2010] and was enacted by Laws, 2010, ch. 506, § 3, eff. 7/1/2010.