Statute · California Commercial Code
Cal. Com. Code § 10205 — Formation and Construction of Lease Contract
Cal. Com. Code § 10205
- Type
- Statute
- Source
- California Commercial Code
- Jurisdiction
- California
- Date
- 2024-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Com. Code § 10205 — Formation and Construction of Lease Contract is in force in the current edition of the Code, and nothing recorded condemns it.
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.