Tex. Bus. & Com. Code § 2A.205

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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 three months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

Tex. Bus. and Comm. Code § 2A.205

Added by Acts 1993, 73rd Leg., ch. 570, Sec. 1, eff. 9/1/1993.