Florida Statute 672.205 - Full Text and Legal Analysis

672.205 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.

History.—s. 1, ch. 65-254; s. 45, ch. 2025-92.

Note.—s. 2-205, U.C.C.

Cases Citing F.S. 672.205

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·Wolf Ridge Plastics v. Jacksonville Elec., 388 So. 2d 1298 (Fla. 1st DCA 1980).
Cited 3 times | Published | Florida 1st District Court of Appeal
...ther than Wolf Ridge, "both Wolf Ridge and ETA will suffer irreparable harm and damage and the Jacksonville Electric Authority and Au will be unjustly enriched." [3] Although not argued by the parties, we note that under the Uniform Commercial Code, Section 672.205, Florida Statutes, a firm offer for the sale of goods which by its terms gives assurance that it is held open is not revocable, for lack of a consideration....
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Cited as authority(citing case) (2001)
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Cases Citing F.S. 672.205

·Wolf Ridge Plastics v. Jacksonville Elec., 388 So. 2d 1298 (Fla. 1st DCA 1980).