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§2-1205
Title 11: UNIFORM COMMERCIAL CODE
Article 2-A: LEASES
Part 2: FORMATION AND CONSTRUCTION OF LEASE CONTRACT
§2-1206

§2-1205. Firm offers

(CONTAINS TEXT WITH VARYING EFFECTIVE DATES)
(WHOLE SECTION TEXT EFFECTIVE 7/01/25)
An offer by a merchant to lease goods to or from another person in a signed record 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.   [PL 2023, c. 669, Pt. A, §31 (AMD); PL 2023, c. 669, Pt. E, §1 (AFF).]
SECTION HISTORY
PL 1991, c. 805, §4 (NEW). PL 2023, c. 669, Pt. A, §31 (AMD). PL 2023, c. 669, Pt. E, §1 (AFF).
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