The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 2A-205)
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§ 2A—205. Firm offers
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. (Added 1993, No. 158 (Adj. Sess.), § 10, eff. Jan. 1, 1995; amended 2025, No. 17, § 3, eff. July 1, 2025.)