28-2-205. 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 supplies [supplied] by the offeree must be separately signed by the offeror.
History:
[28-2-205, added 1967, ch. 161, sec. 2-205, p. 351.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 2 - UNIFORM COMMERCIAL CODE — SALES
Part 2 - FORM, FORMATION AND READJUSTMENT OF CONTRACT
Section 28-2-201 - FORMAL REQUIREMENTS — STATUTE OF FRAUDS.
Section 28-2-202 - FINAL WRITTEN EXPRESSION — PAROL OR EXTRINSIC EVIDENCE.
Section 28-2-203 - SEALS INOPERATIVE.
Section 28-2-204 - FORMATION IN GENERAL.
Section 28-2-205 - FIRM OFFERS.
Section 28-2-206 - OFFER AND ACCEPTANCE IN FORMATION OF CONTRACT.
Section 28-2-207 - ADDITIONAL TERMS IN ACCEPTANCE OR CONFIRMATION.
Section 28-2-209 - MODIFICATION, RESCISSION AND WAIVER.
Section 28-2-210 - DELEGATION OF PERFORMANCE — ASSIGNMENT OF RIGHTS.