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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1310.12 | Firm offers - UCC 2A-205.

Ohio Revised Code
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Title 13 Commercial Transactions
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Chapter 1310 Leases
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
November 6, 1992
Legislation:
House Bill 693 - 119th General Assembly
PDF:
Download Authenticated PDF
 

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 shall be separately signed by the offeror.

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