§ 6A-2.1-205. 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 of Section.P.L. 1991, ch. 305, § 1.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Part 2 - Formation and Construction of Lease Contract
Section 6A-2.1-201. - Statute of frauds.
Section 6A-2.1-202. - Final written expression: parol or extrinsic evidence.
Section 6A-2.1-203. - Seals inoperative.
Section 6A-2.1-204. - Formation in general.
Section 6A-2.1-205. - Firm offers.
Section 6A-2.1-206. - Offer and acceptance in formation of lease contract.
Section 6A-2.1-207. - [Reserved.]
Section 6A-2.1-208. - Modification, rescission, and waiver.
Section 6A-2.1-209. - Lessee under finance lease as beneficiary of supply contract.
Section 6A-2.1-210. - Express warranties.
Section 6A-2.1-212. - Implied warranty of merchantability.
Section 6A-2.1-213. - Implied warranty of fitness for particular purpose.
Section 6A-2.1-214. - Exclusion or modification of warranties.
Section 6A-2.1-215. - Cumulation and conflict of warranties express or implied.
Section 6A-2.1-216. - Third party beneficiaries of express and implied warranties.
Section 6A-2.1-217. - Identification.
Section 6A-2.1-218. - Insurance and proceeds.
Section 6A-2.1-219. - Risk of loss.
Section 6A-2.1-220. - Effect of default on risk of loss.
Section 6A-2.1-221. - Casualty to identified goods.
Section 6A-2.1-222. - Effect of tax increase on lease payments.