North Dakota § 41-02-12 (2-205) Firm offers

North Dakota Statutes

§ 41-02-12 — (2-205) Firm offers

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-02 Sales

An offer by a merchant to buy or sell goods in a signed record that 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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An offer by a merchant to buy or sell goods in a signed record that 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.

North Dakota § 41-02-12 ((2-205) Firm offers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.