30-2A-205. Firm offers. An offer by a merchant to lease goods to or from another person in a signed writing that by its terms gives assurance 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 of irrevocability exceed 3 months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
History: En. Sec. 20, Ch. 410, L. 1991.
Structure Montana Code Annotated
Chapter 2A. Uniform Commercial Code Leases
Part 2. Formation and Construction of Lease Contract
30-2A-202. Final written expression -- parol or extrinsic evidence
30-2A-204. Formation in general
30-2A-206. Offer and acceptance in formation of lease contract
30-2A-207. Course of performance or practical construction
30-2A-208. Modification, rescission, and waiver
30-2A-209. Lessee under finance lease as beneficiary of supply contract
30-2A-212. Implied warranty of merchantability
30-2A-213. Implied warranty of fitness for particular purpose
30-2A-214. Exclusion or modification of warranties
30-2A-215. Cumulation and conflict of warranties express or implied
30-2A-216. Third-party beneficiaries of express and implied warranties
30-2A-218. Insurance and proceeds