Alabama Statutes
§ 7-2A-205 — Firm Offers
Alabama § 7-2A-205
JurisdictionAlabama
Title 7Commercial Code
Art. 2ALeases
Part 2Formation and Construction of Lease Contract
This text of Alabama § 7-2A-205 (Firm Offers) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ala. Code § 7-2A-205 (2026).
Text
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 three months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
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Legislative History
(Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §205; Act 2023-492, §1.)
Nearby Sections
15
§ 7-1-101
Short Titles§ 7-1-102
Scope of Article§ 7-1-104
Construction Against Implied Repeal§ 7-1-105
Severability§ 7-1-106
Use of Singular and Plural; Gender§ 7-1-107
Section Captions§ 7-1-109
Section Captions§ 7-1-201
General Definitions§ 7-1-202
Notice; Knowledge§ 7-1-204
Value§ 7-1-205
Reasonable Time; Seasonableness§ 7-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Alabama § 7-2A-205, Counsel Stack Legal Research, https://law.counselstack.com/statute/al/7-2A-205.