47-2205. 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.
Section: Previous 47-2105 47-2106 47-2107 47-2201 47-2202 47-2203 47-2204 47-2205 47-2206 47-2207 47-2209 47-2210 47-2301 47-2302 47-2303 NextLast modified: October 13, 2016