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California · Through 2026-09-13

COM § 10205

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Where this section sits in the code
  1. Commercial Code - COM
  2. DIVISION 10. PERSONAL PROPERTY LEASES [10101. - 10600.]
  3. CHAPTER 2. Formation and Construction of Lease Contract [10201. - 10221.]

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.

Collected 2026-09-14T05:56:33Z. Source file · JSON

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