New York § 5-1109 Written irrevocable offer

New York Statutes

§ 5-1109 — Written irrevocable offer

New York § 5-1109

Law GOBGeneral Obligations

Title 11Consideration; Effect of Writing On Requirement of Consideration

Art. 5Creation, Definition and Enforcement of Contractual Obligations

This text of New York § 5-1109 (Written irrevocable offer) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General Obligations § 5-1109 (2026).

Text

  § 5-1109. Written irrevocable offer. Except as otherwise provided in\nsection 2-205 of the uniform commercial code with respect to an offer by\na merchant to buy or sell goods, when an offer to enter into a contract\nis made in a writing signed by the offeror, or by his agent, which\nstates that the offer is irrevocable during a period set forth or until\na time fixed, the offer shall not be revocable during such period or\nuntil such time because of the absence of consideration for the\nassurance of irrevocability. When such a writing states that the offer\nis irrevocable but does not state any period or time of irrevocability,\nit shall be construed to state that the offer is irrevocable for a\nreasonable time.\n

Free access — add to your briefcase to read the full text and ask questions with AI

§ 5-1109. Written irrevocable offer. Except as otherwise provided in\nsection 2-205 of the uniform commercial code with respect to an offer by\na merchant to buy or sell goods, when an offer to enter into a contract\nis made in a writing signed by the offeror, or by his agent, which\nstates that the offer is irrevocable during a period set forth or until\na time fixed, the offer shall not be revocable during such period or\nuntil such time because of the absence of consideration for the\nassurance of irrevocability. When such a writing states that the offer\nis irrevocable but does not state any period or time of irrevocability,\nit shall be construed to state that the offer is irrevocable for a\nreasonable time.\n