{"data":{"id":"us-ar/ark.-code-ann.-4-2a-205","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-2A-205","heading":"Firm offers.","body":"An offer by a merchant to lease goods to or from another person in a signed writing 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 (3) months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 2A Leases","Part 2 — Formation and Construction of Lease Contract"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"f430c4678181f2ba6e414a69e7040e9130a9374c979c6391f6c0d303e61d6a30","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-2a-204","next":"us-ar/ark.-code-ann.-4-2a-206"},"notice":"GroundRules: Original legal text. Not legal advice."}