13 Pa. C.S. § 2A205

Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 2A205 - 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 such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

13 Pa.C.S. § 2A205

Amended by P.L. (number not assigned at time of publication) 2024 No. 41,§ 9, eff. 8/30/2024.
1992, July 9, P.L. 507, No. 97, § 3, effective in one year.