Legislation

Search OpenLegislation Statutes
This entry was published on 2014-09-22
The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.
SECTION 2-309
Absence of Specific Time Provisions; Notice of Termination
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2, PART 3
Section 2--309. Absence of Specific Time Provisions; Notice of

Termination.

(1) The time for shipment or delivery or any other action under a
contract if not provided in this Article or agreed upon shall be a
reasonable time.

(2) Where the contract provides for successive performances but is
indefinite in duration it is valid for a reasonable time but unless
otherwise agreed may be terminated at any time by either party.

(3) Termination of a contract by one party except on the happening of
an agreed event requires that reasonable notification be received by the
other party and an agreement dispensing with notification is invalid if
its operation would be unconscionable.