Reasonable Time

Definition: A period considered appropriate in light of the act required, the circumstances, and applicable law or contract terms.

Example

An agreement requires a response within a reasonable time; the parties consider the transaction's urgency and the information needed.

Keep the distinction clear

Reasonable time is context-dependent. It should not be used to replace a stated contractual deadline or a specific deadline imposed by law.

Related terms

Time Is of the Essence · Contract · Performance (Contract)

Keep studying

Valid, Void, Voidable, and Unenforceable Contracts

References: California DRE: real estate glossary

Pronunciation (US): REE-zuh-nuh-bul TYME (capitals show stress)

Pronunciation reference: Merriam-Webster