47-2A205. Firm offers
An offer by a merchant to lease goods to or from another person in a signed writing that by its terms gives assurance 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 of irrevocability exceed three months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Section: Previous 47-2a107 47-2a108 47-2a109 47-2a201 47-2a202 47-2a203 47-2a204 47-2a205 47-2a206 47-2a208 47-2a209 47-2a210 47-2a211 47-2a212 47-2a213 NextLast modified: October 13, 2016