How I have handled this is that if a player allows binding action to take place after him without speaking up in a reasonable time period then he will forfeit his right to take an aggressive action; meaning he may call or fold but only if the next card has not been delivered.
Furthermore, if the next card has been dealt (community card in flop games, or up-card/down-card in stud) then they player's hand is dead unless governed by the early burn-and-turn rule.
Time it would be dead: Player A bets $50, B does nothing, C calls, D calls, dealer announces "3 players," taps table, delivers next card. Dead because he needed to put in money the first time it came to his action, he did not, then remaining action was bound in place.
Time it would be "early burn-and-turn:" A checks, B does nothing, C bets $50, D calls $50, A calls $50, dealer delivers next card. Not a dead hand because B's first action would be automatically ruled a check by allowing the action to take place but by the time action comes around to him he is acting in turn again but didn't get a chance to act on the re-opened action.