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2025 Pennsylvania Consolidated & Unconsolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 22 - Form, Formation and Readjustment of Contract
Section 2205 - Firm offers
Universal Citation:
13 PA Cons Stat § 2205 (2025)
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§ 2205. Firm offers.
An offer by a merchant to buy or sell goods in a signed record 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 months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
(July 1, 2024, P.L.450, No.41, eff. 60 days)
2024 Amendment. See section 1 of Act 41 in the appendix to this title for special provisions relating to findings and declarations.
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