GroundRules
N.C. Gen. Stat. § 25-2-205: Firm offers.
Where this section sits in the code
- Chapter 25. Uniform Commercial Code.
- Article 2. Sales.
- Part 2. Form, Formation and Readjustment of Contract.
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 shall the period of irrevocability exceed three months; but the term of assurance on a form supplied by the offeree shall be separately signed by the offeror. (1965, c. 700, s. 1; 2025-25, s. 119.)
Collected 2026-08-27T17:58:47Z. Source file · JSON