554.2205 Firm offers. 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 thetime stated or if no time is stated for a reasonable time, but in no event may such period ofirrevocability exceed three months; but any such term of assurance on a form supplied by theofferee must be separately signed by the offeror. [C24, 27, 31, 35, 39, §9930, 9932; C46, 50, 54, 58, 62, §554.1, 554.3; C66, 71, 73, 75, 77, 79, 81, §554.2205] Sat Dec 23 01:49:29 2023 Iowa Code 2024, Section 554.2205 (24, 0)
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