![]() ![]() When reasonable grounds for insecurity arise with respect to the performance of either party the other may in writing demand adequate assurance of due performance and until he receives such assurance may if commercially reasonable suspend any performance for which he has not already received the agreed return. (1) A contract for sale imposes an obligation on each party that the other's expectation of receiving due performance will not be impaired. Right to adequate assurance of performance. Regardless, as the buyer in this case, you can demand assurances: However, there is ambiguity introduced by the fact that the contract says "on or about." In my view, the additional two weeks they've told you probably constitutes the limit of what's reasonable. ![]() Here, the contract lays out a general time frame (about 6-8 weeks), and so that should be considered the reasonable time period. (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. (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. (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. Absence of specific time provisions notice of termination. As a general rule under the UCC, if the parties haven't agreed otherwise, they have a "reasonable time" to perform: This is a sale of goods, so is governed by the Uniform Commercial Code (the "UCC"), as adopted by North Carolina (N.C.
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