Ala. Code § 7-2-205

Current with legislation from 2024 effective through April 4, 2024.
Section 7-2-205 - [Effective 7/1/2024] 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.

Ala. Code § 7-2-205 (1975)

Amended by Act 2023-492,§ 1, eff. 7/1/2024.
Acts 1965, No. 549, p. 811.
This section is set out more than once due to postponed, multiple, or conflicting amendments.