§ 2A205. 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 three months. 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 2A2 - Formation and Construction of Lease Contract
Section 2A201 - Statute of frauds
Section 2A202 - Final written expression: parol or extrinsic evidence
Section 2A203 - Seals inoperative
Section 2A204 - Formation in general
Section 2A206 - Offer and acceptance in formation of lease contract
Section 2A207 - Course of performance or practical construction (Deleted by amendment)
Section 2A208 - Modification, rescission and waiver
Section 2A209 - Lessee under finance lease as beneficiary of supply contract
Section 2A210 - Express warranties
Section 2A212 - Implied warranty of merchantability
Section 2A213 - Implied warranty of fitness for particular purpose
Section 2A214 - Exclusion or modification of warranties
Section 2A215 - Cumulation and conflict of warranties express or implied
Section 2A216 - Third party beneficiaries of express and implied warranties
Section 2A217 - Identification
Section 2A218 - Insurance and proceeds