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What is a commercially reasonable amount of time?

Commercially Reasonable Period of Time means at least twelve months for a willing buyer and a willing seller to agree on price and terms, plus the time necessary to complete the sale.

What does a reasonable amount mean?

Reasonable value means that figure which represents the amount a reputable and qualified appraiser, unaffected by personal interest, bias, or prejudice, would recommend to a prospective purchaser as a proper price or cost in the light of prevailing conditions.

What does reasonable mean in legal terms?

Just, rational, appropriate, ordinary, or usual in the circumstances. It may refer to reasonable care, cause, compensation, doubt (in a criminal trial), and a host of other actions or activities.

What is a reasonable time for performance of a contract?

Here reasonable time means a fair amount of time that is required to do something conveniently and as soon as the circumstances permit.

What is considered a reasonable time?

Reasonable time is that amount of time which is fairly necessary, conveniently, to do whatever is required to be done, as soon as circumstances permit. This phrase is a U.S. legal term that has been a topic of controversy for many years.

What is considered a reasonable person standard?

What is the reasonable person standard? The reasonable person standard refers to a hypothetical, average persons reaction to the actual circumstances of alleged illegal activities such as harassment, negligence or discrimination. It serves as a comparative standard for courts to assess liability.

What is considered reasonable time in a contract?

Reasonable time is that amount of time which is fairly necessary, conveniently, to do whatever is required to be done, as soon as circumstances permit. This phrase is a U.S. legal term that has been a topic of controversy for many years.

What is a reasonable time for performance of a contract?

Here reasonable time means a fair amount of time that is required to do something conveniently and as soon as the circumstances permit.

What does commercially reasonable mean in legal terms?

Commercially reasonable efforts is at a level below best efforts and is generally interpreted as requiring the party to exert substantial effort without requiring that the party take any action that would be commercially unreasonable under the circumstances.

What is the difference between reasonable and reasonably?

Use of reasonable is straightforward enough, but reasonably raises some issues. Reasonably can be paraphrased as in a reasonable manner/way. But that works only when reasonably is used with a verb. When reasonably is used other than with a verb, drafters can lose sight of what theyre trying to say.

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What is a commercially reasonable amount of time?

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What is the difference between reasonable and reasonably?

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What is a commercially reasonable amount of time?

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What is considered a reasonable time?

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What is considered a reasonable person standard?

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What does commercially reasonable mean in legal terms?

What is the difference between reasonable and reasonably?

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