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.
History. Code 1933, § 109A-2-205, enacted by Ga. L. 1962, p. 156, § 1.
Structure Georgia Code
Part 2 - Form, Formation, and Readjustment of Contract
§ 11-2-201. Formal Requirements; Statute of Frauds
§ 11-2-202. Final Written Expression; Parol or Extrinsic Evidence
§ 11-2-204. Formation in General
§ 11-2-206. Offer and Acceptance in Formation of Contract
§ 11-2-207. Additional Terms in Acceptance or Confirmation