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

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

Download as PDF 355.2-205 Firm offers. 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. Effective: July 1, 1960 History: Created 1958 Ky. Acts ch. 77, sec. 2-205, effective July 1, 1960.

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