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2018 Indiana Code
TITLE 26. Commercial Law
ARTICLE 1. UNIFORM COMMERCIAL CODE
CHAPTER 2. Sales
26-1-2-205. Firm offers
Universal Citation: IN Code § 26-1-2-205 (2018)
IC 26-1-2-205 Firm offers
Sec. 205. 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.
Formerly: Acts 1963, c.317, s.2-205.
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