2006 Code of Virginia § 59.1-501.17 - Decision for court; legal consequences; reasonable time; reason to know

59.1-501.17. Decision for court; legal consequences; reasonable time;reason to know.

(a) Whether a term is conspicuous or is unenforceable under 59.1-501.5 (a)or (b), 59.1-501.11, or 59.1-502.9 (a) and whether an attribution procedureis commercially reasonable or effective under 59.1-501.8, 59.1-502.12, or 59.1-502.13 are questions to be determined by the court.

(b) Whether an agreement has legal consequences is determined by this chapter.

(c) Whenever this chapter requires any action to be taken within a reasonabletime, what is a reasonable time for taking the action depends on the nature,purpose, and circumstances of the action. Any time that is not manifestlyunreasonable may be fixed by agreement.

(d) A person has reason to know a fact if the person has knowledge of thefact or, from all the facts and circumstances known to the person withoutinvestigation, the person should be aware that the fact exists.

(2004, c. 794.)