Ky. Rev. Stat. § 355.2-205
Current through Acts Received April 24, 2024
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 (3) months and any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
KRS 355.2-205
Created 1958 Ky. Acts ch. 77, sec. 2-205, effective7/1/1960.