Minn. Stat. § 336.2A-205

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

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 months. Any term of assurance on a form supplied by the offeree must be separately signed by the offeror.

Minn. Stat. § 336.2A-205

1989 c 232 art 1 s 2A-205

Amended by 2024 Minn. Laws, ch. 93,s 3-7, eff. 8/1/2024.