Uniform Commercial Code


PART 6A-2.1-201
Formation and Construction of Lease Contract

SECTION 6A-2.1-205

§ 6A-2.1-205. 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 3 months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

History of Section.
(P.L. 1991, ch. 305, § 1.)