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

North Dakota Statutes

§ 41-02-12 — (2-205) Firm offers

North Dakota § 41-02-12

Title 41Uniform Commercial Code

Ch. 41-02Sales

This text of North Dakota § 41-02-12 ((2-205) Firm offers) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 41-02-12 (2026).

Text

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.