810 ILCS 5/2-205

Current through Public Act 103-1052
Section 810 ILCS 5/2-205 - [Effective 1/1/2025] Firm offers

An offer by a merchant to buy or sell goods in a signed record 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 3 months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

810 ILCS 5/2-205

Amended by P.A. 103-1036,§ 5, eff. 1/1/2025.
Laws 1961, 1st SS., p. 7.
This section is set out more than once due to postponed, multiple, or conflicting amendments.