Idaho § 28-2-205 FIRM OFFERS

Idaho Statutes

§ 28-2-205 — FIRM OFFERS

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 2. FORM, FORMATION AND READJUSTMENT OF CONTRACT·Ch. 2 UNIFORM COMMERCIAL CODE — SALES

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 supplies by the offeree must be separately signed by the offeror.

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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 supplies by the offeree must be separately signed by the offeror.

Idaho § 28-2-205 (FIRM OFFERS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.