§ 2205. 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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 22 - Form, Formation and Readjustment of Contract
Section 2201 - Formal requirements; statute of frauds
Section 2202 - Final written expression: parol or extrinsic evidence
Section 2203 - Seals inoperative
Section 2204 - Formation in general
Section 2206 - Offer and acceptance in formation of contract
Section 2207 - Additional terms in acceptance or confirmation
Section 2208 - Course of performance or practical construction (Deleted by amendment)
Section 2209 - Modification, rescission and waiver
Section 2210 - Delegation of performance; assignment of rights