Minn. Stat. § 336.2-205

Current through Register Vol. 49, No. 8, August 19, 2024
Section 336.2-205 - 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.

Minn. Stat. § 336.2-205

1965 c 811 s 336.2-205

Amended by 2024 Minn. Laws, ch. 93,s 2-6, eff. 8/1/2024.