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