An offer by a merchant to buy or sell goods in a signed writing that 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 the period or irrevocability exceed three months. A term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Section: Previous 45.02.201 45.02.202 45.02.203 45.02.204 45.02.205 45.02.206 45.02.207 45.02.208 45.02.209 45.02.210 NextLast modified: November 15, 2016