digplanet beta 1: Athena
Share digplanet:

Agriculture

Applied sciences

Arts

Belief

Business

Chronology

Culture

Education

Environment

Geography

Health

History

Humanities

Language

Law

Life

Mathematics

Nature

People

Politics

Science

Society

Technology

A firm offer means an irrevocable offer made by a merchant. As a general rule, all offers are revocable at any time prior to acceptance, even those offers that purport to be irrevocable on their face. An exception to this general rule exists under the Merchants Firm Offer Rule:[1]

UCC 2-205 Firm Offers

An offer (A) by a merchant to buy or sell goods (B) in a signed record that 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; Any such term of assurance in a form supplied by the offeree must be separately signed by the offeror.

Note: That when the period of irrevocability expires, the offer may still remain open until revoked or rejected according to the general rules regarding termination of an offer.

UCC § 2-205 states that an offer is firm and irrevocable if:

  • it is an offer to buy or sell goods
  • it is made by a merchant
  • it is a signed writing

See also[edit]

References[edit]

  1. ^ Uniform Commercial Code - § 2-205. Firm Offers, Cornell University Law School, Legal Information Institute

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Firm_offer — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
703130 videos foundNext > 

Firm Offer "From a Merchant"

LYRICS BELOW (click "Show more"): Firm Offer "From a Merchant" Under Article 2 Under Article 2, there are circumstances in which a promise to keep an offer o...

Putting in a 'Firm' Offer on a Housing Purchase

MonsterMortgage.ca Mortgage Expert Kristian Harris discusses a decision that many prospective home-owners often have to make - whether to submit an offer to ...

Syria government makes firm offer of dialogue to opposition

http://www.euronews.com/ Syria's Foreign Minister Walid al-Moualem has said the government is ready for talks with armed opposition forces fighting to overth...

McKellar Law Firm - Offer in Compromise Overview

McKellar Law Firm - Offer in Compromise Overview.

The Firm (1/9) Movie CLIP - No Associate Has Ever Failed the Bar Exam (1993) HD

The Firm Movie Clip - watch all clips http://j.mp/AkaL09 click to subscribe http://j.mp/sNDUs5 Mitch (Tom Cruise) is repeatedly informed by the firm's lawyer...

A Firm Offer for the HMS ARK ROYAL - Flawed Tender Analysis - The actual bid documentation v2

For more on this Video goto: http://www.theanemoiplan.co.uk Please sign the epetition here: http://epetitions.direct.gov.uk/petitions/38386 The following Vid...

I don't want my firm choice anymore - can I apply somewhere else instead? - UCAS FAQs

John from UCAS explains the situation if you've accepted a university offer as your firm choice but want to apply somewhere else. Watch our other FAQs for mo...

Firm Offer

Firm Offer Doc Ramesey Trio Adam Marano Steve Rothstein ℗ 2009 Pennrose Media Released on: 2009-01-15 Music Publisher: Pennrose Media Music ASCAP Auto-genera...

Advantage Development Co. is an Asheville NC Design/Build Firm offering One Stop Shopping

As an Asheville NC Custom Home Builder, Broker, and Developer we understand the value of a clients time. We are the only High End Custom Builder in Asheville...

Firm Offer and Emma

Hard to believe that this OTT thoroughbred has won nearly $7000000 on the track.

703130 videos foundNext > 

2549 news items

Wall Street Journal

Wall Street Journal
Fri, 31 Oct 2014 04:41:39 -0700

Luxembourg-based Altice's firm offer would come as private-equity firms are also chasing the asset. Apax Partners LLP and Bain Capital LLC both have made bids for PT Portugal, which is controlled by Brazil's Oi SA, other people familiar with the matter ...

NEWS.com.au

Invest in Australia
Wed, 29 Oct 2014 18:07:30 -0700

The Medibank Private Share Offer has reached another milestone with the successful completion of the Broker Firm Offer, which saw the submission of $11.987 billion in binding bids by brokers for allocations of Medibank Private shares. The Government is ...

Sydney Morning Herald

Sydney Morning Herald
Mon, 24 Nov 2014 22:25:14 -0800

"I was told if we'd been allocated shares through a broker firm offer, then we could transact, but as we made the application as policyholders, we would have to wait till December 1," he said. When Fairfax Media spoke with the Medibank share offer ...
 
The Australian Financial Review
Tue, 25 Nov 2014 05:09:39 -0800

“I was told if we'd been allocated shares through a broker firm offer, then we could transact, but as we made the application as policyholders, we would have to wait till December 1,” he said. When Fairfax Media spoke with the Medibank share offer ...

CommBank MyWealth

CommBank MyWealth
Sun, 23 Nov 2014 21:03:45 -0800

According to details provided by the government yesterday, around 440,000 individuals applied to buy shares through the retail offer, resulting in an average shareholding worth about $5,859 (excluding broker firm offer clients). The retail allocation ...

Telegraph.co.uk

Telegraph.co.uk
Sun, 23 Nov 2014 23:52:30 -0800

Under Takeover Panel rules, Aviva must make a firm offer by 5pm on December 19 or walk away from the deal for at least six months. Morgan Stanley, JP Morgan Cazenove and Robey Warshaw are advising Aviva, while Goldman Sachs, Barclays and RBC ...

IntraFish.com

Motley Fool Australia
Tue, 25 Nov 2014 18:48:45 -0800

Shares were offered at $4.75 in the IPO, suggesting institutional investors and investors who participated in the broker firm offer are now underwater on their investment. So is it time for retail investors to take a closer look? Given its similarities ...

Jewish Business News

Jewish Business News
Tue, 25 Nov 2014 04:33:45 -0800

Weinreb also pointed to his firm's offer to pump $300 million into improving local infrastructure as part of the project which relies on the new tower to be viable. “There's really no other way to make this happen,” Weinreb told the News. “There needs ...
Loading

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight