47. Time for performance of promise where no application is to be made and no time is specified

Where, by the contract, a promisor is to perform his promise without application by the promisee, and no time for performance is specified, the engagement must be performed within a reasonable time.

Explanation—The question “what is a reasonable time” is, in each particular case, a question of fact.

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Part VI

Of Certain Relations Resembling Those Created by Contract

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Part VII

Of the Consequences of Breach of Contract

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Part VIII

Of Indemnity and Guarantee

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Part IX

Of Bailment

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Part X

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