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2011 Vermont Code
Title 09A Uniform Commercial Code
Article 2 Sales
§ 205 Firm offers


9A VT Stats § 2-205. (2011 through Adj Sess) What's This?

§ 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 months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

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