There is a newer version of the Oregon Revised Statutes
2013 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 072A - Leases
Section 72A.2050 - Firm offers.
OR Rev Stat § 72A.2050 (2013) What's This?
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 months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror. [1989 c.676 §14]
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