North Dakota § 41-02.1-14 (2A-205) Firm offers

North Dakota Statutes

§ 41-02.1-14 — (2A-205) Firm offers

North Dakota § 41-02.1-14

Title 41Uniform Commercial Code

Ch. 41-02.1Leases

This text of North Dakota § 41-02.1-14 ((2A-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 § 41-02.1-14 (2026).

Text

An offer by a merchant to lease goods to or from another person in a signed record that by
its terms gives assurance 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 the period of
irrevocability exceed three months. 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 lease goods to or from another person in a signed record that by
its terms gives assurance 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 the period of
irrevocability exceed three months. Any such term of assurance on a form supplied by the
offeree must be separately signed by the offeror.