Utah Code § 70A-2a-205

Current through the 2024 Third Special Session
Section 70A-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.

Utah Code § 70A-2a-205

Enacted by Chapter 197, 1990 General Session