Oregon Statutes - Chapter 72 - Sales - Section 72.2050 - 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. [1961 c.726 §72.2050]

Section:  Previous  72.1050  72.1060  72.1070  72.2010  72.2020  72.2030  72.2040  72.2050  72.2060  72.2070  72.2080  72.2090  72.2100  72.3010  72.3020  Next

Last modified: August 7, 2008