Merchant’s
Firm Offer
At common law, an offer could be
revoked any time prior to acceptance, unless there was some consideration.
At UCC, offer made by merchant in
a signed writing is irrevocable for reasonable period of time. No
consideration necessary.
Thanks for your post. I’ve been thinking about writing a very comparable post over the last couple of weeks, I’ll probably keep it short and sweet and link to this instead if thats cool. Thanks. Become a Merchant Service Provider
ReplyDelete