Alabama Code Title 7. Commercial Code § 7-2A-205
Current as of December 30, 2022 | Updated by FindLaw Staff
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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 3 months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Cite this article: FindLaw.com - Alabama Code Title 7. Commercial Code § 7-2A-205 - last updated December 30, 2022 | https://codes.findlaw.com/al/title-7-commercial-code/al-code-sect-7-2a-205/
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