GroundRules
R.I. Gen. Laws § 6A-2-205: Firm offers.
Where this section sits in the code
- Title 6A Uniform Commercial Code
- Chapter 2 Sales
- Part 2 Form, Formation and Readjustment of Contracts
An offer by a merchant to buy or sell goods in a signed record which 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 (3) months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Collected 2026-09-05T17:43:29Z. Source file · JSON