RCW 62A.2-205: Firm offers. (<i>Effective until January 1, 2024.</i>)

RCWs > Title 62A > Chapter 62A.2 > Section 62A.2-205

62A.2-204 << 62A.2-205 >> 62A.2-206

PDFRCW 62A.2-205

Firm offers. (Effective until January 1, 2024.)

An offer by a merchant to buy or sell goods in a signed writing 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.

[1965 ex.s. c 157 § 2-205. Cf. former RCW sections: (i) RCW 63.04.020; 1925 ex.s. c 142 § 1; RRS § 5836-1. (ii) RCW 63.04.040; 1925 ex.s. c 142 § 3; RRS § 5836-3.]

PDFRCW 62A.2-205

Firm offers. (Effective January 1, 2024.)

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.

[ 2023 c 266 § 206; 1965 ex.s. c 157 § 2-205. Cf. former RCW sections: (i) RCW 63.04.020; 1925 ex.s. c 142 § 1; RRS § 5836-1. (ii) RCW 63.04.040; 1925 ex.s. c 142 § 3; RRS § 5836-3.]

NOTES:

Construction—Effective date—2023 c 266: See notes following RCW 62A.12-101.