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Texas Business & Commerce Code

§ 2A.205 — FIRM OFFERS

BC § 2A.205Title 1. UNIFORM COMMERCIAL CODE · Ch. 2A. LEASES · Art. B. FORMATION AND CONSTRUCTION OF LEASE CONTRACT

Statute text

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An offer by a merchant to lease goods to or from another person in a signed writing 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.

Legislative history

Added by Acts 1993, 73rd Leg., ch. 570, Sec. 1, eff. Sept. 1, 1993.

Source: Texas Business & Commerce Code § 2A.205 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.