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Arkansas Code of 1987 (2023)
Title 4 - BUSINESS AND COMMERCIAL LAW (§§ 4-1-101 — 4-119-105)
Subtitle 1 - UNIFORM COMMERCIAL CODE (§§ 4-1-101 — 4-11-106)
Chapter 2 - SALES (§§ 4-2-101 — 4-2-725)
Part 2 - FORM, FORMATION, AND READJUSTMENT OF CONTRACT (§§ 4-2-201 — 4-2-210)
Section 4-2-205 - Firm offers
Universal Citation:
AR Code § 4-2-205 (2023)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
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 (3) months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Acts 1961, No. 185, § 2-205; A.S.A. 1947, § 85-2-205.
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