N.Y. Uniform Commercial Code Law Section 2-A-205
Firm Offers

* Section 2-A-205. Firm Offers. 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 must be separately signed by the offeror. * NB Effective until June 3, 2026 * Section 2-A-205. Firm Offers. An offer by a merchant to lease goods to or from another person in a signed record 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 must be separately signed by the offeror. * NB Effective June 3, 2026

Source: Section 2-A-205 — Firm Offers, https://www.­nysenate.­gov/legislation/laws/UCC/2-A-205 (updated Dec. 12, 2025; accessed Dec. 13, 2025).

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Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 2-A-205. Firm Offers's source at nysenate​.gov

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