State Codes and Statutes
Statutes > Rhode-island > Title-6a > Chapter-6a-2-1 > 6a-2-1-205SECTION 6A-2.1-205
§ 6A-2.1-205 Firm offers. – An offer by a merchant to lease goods to or from another person in a signedwriting that by its terms gives assurance it will be held open is notrevocable, for lack of consideration, during the time stated or, if no time isstated, for a reasonable time, but in no event may the period of irrevocabilityexceed 3 months. Any such term of assurance on a form supplied by the offereemust be separately signed by the offeror.
