Texas Business & Commerce Code - Section 2.205. Firm Offers
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§ 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.
Acts 1967, 60th Leg., p. 2343, ch. 785, § 1, eff. Sept. 1, 1967.
Section: 2.105 2.106 2.107 2.201 2.202 2.203 2.204 2.205 2.206 2.207 2.209 2.210 2.301 2.302 2.303
Last modified: August 10, 2007
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