Go to previous versions
of
this Section
2023 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 2 - Sales
Part 2 - FORM, FORMATION AND READJUSTMENT OF CONTRACT
Section 55-2-205 - Firm offers. (Effective January 1, 2024.)
Universal Citation:
NM Stat § 55-2-205 (2023)
Learn more
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 record 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 such period of irrevocability exceed three months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
History: 1953 Comp., § 50A-2-205, enacted by Laws 1961, ch. 96, § 2-205; 1978 Comp., § 55-2-205; 2023, ch. 142, § 10.
ANNOTATIONSThe 2023 amendment, effective January 1, 2024, after "a signed", deleted "writing which" and added "record that".
Disclaimer: These codes may not be the most recent version. New Mexico 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.
