An offer by a merchant to buy or sell goods in a signed writing that 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 the period or irrevocability exceed three months. A term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Structure Alaska Statutes
Article 2. Form, Formation, and Readjustment of Contract.
Sec. 45.02.201. Formal requirements; statute of frauds.
Sec. 45.02.202. Final written expression; parol or extrinsic evidence.
Sec. 45.02.203. Seals inoperative.
Sec. 45.02.204. Formation in general.
Sec. 45.02.206. Offer and acceptance in formation of contract.
Sec. 45.02.207. Additional terms in acceptance or confirmation.
Sec. 45.02.209. Modification, rescission, and waiver.
Sec. 45.02.210. Delegation of performance; assignment of rights.