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.
573102 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 ...

McKellar Law Firm - Offer in Compromise Overview

McKellar Law Firm - Offer in Compromise Overview.

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...

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 and Emma

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

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...

What benefits does a trust offer? [South Florida Law Firm -- Haimo Law]

Go Here: http://www.HaimoLaw.com. Strategic Planning With Purpose. Call Us at 954-228-3369 or email info@haimolaw.com. We are diligent and dependable, compas...

573102 videos foundNext > 

355 news items

NESN.com

NESN.com
Fri, 17 Oct 2014 13:03:08 -0700

Mike Babcock will be getting plenty of phone calls from suitors when his contract with the Detroit Red Wings expires at the end of this season. The Red Wings, however, want to make sure that doesn't happen and reportedly have sent at least one “firm ...

Bangor Daily News

Bangor Daily News
Thu, 25 Sep 2014 16:01:57 -0700

MILLINOCKET, Maine — After initially expressing skepticism, Millinocket leaders admitted Thursday that they need help refocusing their town's future and opted to accept a Virginia economic development firm's offer to work for the town for free. “I ...
 
Football Italia
Sat, 04 Oct 2014 01:22:24 -0700

If Manchester United had made a firm offer, what would Vidal have replied? “I really don't know... I can only say that I am happy in Turin. I am happy, my wife loves Turin, Alonsito and the little one are happy here. “My family's happiness is more ...

Sydney Morning Herald

Sydney Morning Herald
Wed, 15 Oct 2014 17:33:45 -0700

The general public offer will be open until the middle of November and will be followed by an institutional offer, the statement said. There will also be a broker firm offer where Australian and New Zealand brokers will be invited to bid for a firm ...

This is Money

This is Money
Tue, 07 Oct 2014 16:52:07 -0700

Britain's biggest mobile phone provider will today launch its own TV service in a bid to dominate the home entertainment market. EE, which also owns the Orange and T-Mobile brands, plans to take on established providers such as TalkTalk and Sky.

Evening Standard

Evening Standard
Thu, 25 Sep 2014 01:33:03 -0700

Boris Johnson refuses firm's offer to run London's New Year's Eve fireworks for free. Entry charge: central London's New Year's Eve fireworks display will cost visitors £10. Benedict Moore-Bridger. Published: 25 September 2014. Updated: 13:25, 25 ...
 
New York Times
Mon, 20 Oct 2014 02:08:11 -0700

Under British takeover rules, Greene King has until Oct. 30 to decide whether to make a firm offer to acquire Spirit. The deadline, which had originally been set to expire on Tuesday, was extended by a little more than a week to allow the companies to ...

Goal.com

Goal.com
Thu, 23 Oct 2014 00:18:45 -0700

William Hill offer just 3/4 (1.75) that Ronny Deila's men find the net during the first half, while the same firm offer a tempting 17/20 (1.85) that the home side score two or more goals against Astra on Thursday. However, given Celtic's record of ...
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!