Title 11, Chapter 2, Section 205
( 11-2-205)
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. |