GroundRules
Tex. Business & Commerce Code § 2.205: FIRM OFFERS.
Where this section sits in the code
- BUSINESS AND COMMERCE CODE
- TITLE 1. UNIFORM COMMERCIAL CODE
- CHAPTER 2. SALES
- SUBCHAPTER B. FORM, FORMATION AND READJUSTMENT OF CONTRACT
An offer by a merchant to buy or sell goods in a signed writing 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 months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Acts 1967, 60th Leg., p. 2343, ch. 785, Sec. 1, eff. Sept. 1, 1967.
Collected 2026-08-27T01:46:56Z. Source file · JSON