104.1205 - Reasonable time; seasonableness. - Nevada Statutes

104.1205  Reasonable time; seasonableness.

      1.  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.

      2.  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.

      (Added to NRS by 2005, 830)

      NRS 104.1206  Presumptions.  Whenever the Uniform Commercial Code creates a “presumption” with respect to a fact, or provides that a fact is “presumed,” the trier of fact must find the existence of the fact unless and until evidence is introduced that supports a finding of its nonexistence.

      (Added to NRS by 2005, 830)