12A:2-205. Firm offers
An offer by a merchant to buy or sell goods in a signed writing which by its terms gives assurance that it will be held open is not revocable, for lack of consideration, during the time stated or if no time is stated for a reasonable time, but in no event may such period of irrevocability exceed three months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
L.1961, c. 120, s. 2-205.
Section: Previous 12a-2-105 12a-2-106 12a-2-107 12a-2-201 12a-2-202 12a-2-203 12a-2-204 12a-2-205 12a-2-206 12a-2-207 12a-2-208 12a-2-209 12a-2-210 12a-2-301 12a-2-302 Next
Last modified: October 11, 2016