Colorado Code
Part 2 - Form, Formation, and Readjustment of Contract
§ 4-2-205. Firm Offers

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.
Source: L. 65: p. 1303, § 1. C.R.S. 1963: § 155-2-205.
Prior Uniform Statutory Provision: Sections 1 and 3, Uniform Sales Act.
Changes: Completely rewritten by this and other sections of this Article.
Purposes of Changes:

Cross References:
Point 1: Section 4-1-102.
Point 2: Section 4-1-102.
Point 3: Section 4-2-201.
Point 5: Section 4-2-302.
Definitional Cross References:
"Goods". Section 4-2-105.
"Merchant". Section 4-2-104.
"Signed". Section 4-1-201.
"Writing". Section 4-1-201.