Known as the Uniform Commercial Code
The act spans §§ 25-1-101 to 25-9-710 (616 sections).
Applied in 6 court decisions — leading case Atlantic Textiles v. Avondale Inc. (2007)
Most recently applied in In Re Cotton Yarn Antitrust Litigation (October 2007)
1899, c. 733, s. 193; Rev., s. 2343; C.S., s. 2978; 1965, c. 700, s. 1; 2006-112, s. 1.
(a) Whether a time for taking an action required by this Chapter 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.