Colorado Statutes
§ 4-2-205 — Firm offers
An offer by a merchant to buy or sell goods in a signed
record 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.
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Legislative History
Source: L. 65: p. 1303, � 1. C.R.S. 1963: � 155-2-205. L. 2023: Entire section
amended, (SB 23-090), ch. 136, p. 528, � 10, effective August 7.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith