There is a newer version
of
this Section
2018 Alaska Statutes
Title 45. Trade and Commerce
Chapter 02. Sales
Article 2. Form, Formation, and Readjustment of Contract.
Sec. 45.02.205. Firm offers.
Universal Citation: AK Stat § 45.02.205 (2018)
An offer by a merchant to buy or sell goods in a signed writing that 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 the period or irrevocability exceed three months. A term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Disclaimer: These codes may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
