Indiana Statutes
§ 26-1-2-205 — Firm offers
Indiana § 26-1-2-205
This text of Indiana § 26-1-2-205 (Firm offers) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-2-205 (2026).
Text
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 (3) months; but any such
term of assurance on a form supplied by the offeree must be separately
signed by the offeror.
Formerly: Acts 1963, c.317, s.2-205. As amended by
P.L.199-2023, SEC.8.
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Related
Wildwood Industries, Inc. v. Genuine MacHine Design, Inc.
587 F. Supp. 2d 1035 (N.D. Indiana, 2008)
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
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Bluebook (online)
Indiana § 26-1-2-205, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-2-205.