S.D. Codified Laws § 57A-2-205

Current through the 2024 Legislative Session
Section 57A-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.

SDCL 57A-2-205

SL 1966, ch 150, § 2-205; SDCL, § 57-3-9.
Amended by S.L. 2024, ch. 198,s. 11, eff. 7/1/2024.
This section is set out more than once due to postponed, multiple, or conflicting amendments.