O.C.G.A.
O.C.G.A.

O.C.G.A. § 11-2-205 (2019)

Firm offers

✓ O.C.G.A. (archive.org 2024 item): print volumes of 2004-2024, per-volume vintage; older volumes partly replaced by 2019 Release 73 text; no 2025 or 2026 Acts
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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An offer by a merchant to buy or sell goods in a signed writing 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 three months; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.

History

Code 1933, § 109A-2-205, enacted by Ga. L. 1962, p. 156, § 1.

Annotations

JUDICIAL DECISIONS

Cited in R.N. Kelly Cotton Merchant, Inc. v. York, 379 F. Supp. 1075 (M.D. Ga. 1973); Southern Concrete Servs., Inc. v. Mableton Contractors, 407 F. Supp. 581 (N.D. Ga. 1975); Western Publishing Co. v. International Horizons, Inc., 21 Bankr. 414 (N.D. Ga. 1982).

RESEARCH REFERENCES

Am. Jur. 2d. - 67 Am. Jur. 2d, Sales, §§ 138, 139.

C.J.S. - 77A C.J.S., Sales, § 32 et seq.

U.L.A. - Uniform Commercial Code (U.L.A.) § 2-205.