California § 10205. 10205. (Amended by Stats. 2023, Ch. 210, Sec. 79.)

California Statutes

§ 10205. — 10205. (Amended by Stats. 2023, Ch. 210, Sec. 79.)

California § 10205.

Code COMCommercial Code - COM

Div. 10.DIVISION 10. PERSONAL PROPERTY LEASES

Ch. 2.CHAPTER 2. Formation and Construction of Lease Contract

This text of California § 10205. (10205. (Amended by Stats. 2023, Ch. 210, Sec. 79.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Commercial Code - COM Code § 10205. (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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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.

Legislative History

Amended by Stats. 2023, Ch. 210, Sec. 79. (SB 95) Effective January 1, 2024.

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California § 10205., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/10205..