Ky. Rev. Stat. § 355.2A-205
Current through Acts Received April 24, 2024
An offer by a merchant to lease goods to or from another person in a signed record that by its terms gives assurance 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 the 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 355.2A-205
Created 1990 Ky. Acts ch. 363, sec. 14, effective1/1/1991.