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2016 Kentucky Revised Statutes
CHAPTER 355 - UNIFORM COMMERCIAL CODE
Article 2A - Leases
355.2A-205 Firm offers.

KY Rev Stat § 355.2A-205 (2016) What's This?

Download as PDF 355.2A-205 Firm offers. 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. Effective: January 1, 1991 History: Created 1990 Ky. Acts ch. 363, sec. 14, effective January 1, 1991.

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