--- title: O.C.G.A. § 11-2A-205. Firm offers. collection: code id: 11-2A-205 cite_as: O.C.G.A. § 11-2A-205 (2025) canonical_url: https://georgiacommons.org/code/11-2A-205 md_url: https://georgiacommons.org/code/11-2A-205.md text_url: https://georgiacommons.org/code/11-2A-205/text source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-pdf.pdf?sfvrsn=df925151_0#page=33 date: 2025 status: active corpus_version: 2025-supplement-89aa39ab3c68 license: CC0-1.0 publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice. up: https://georgiacommons.org/code/11-2A.md previous: https://georgiacommons.org/code/11-2A-204.md next: https://georgiacommons.org/code/11-2A-206.md index: https://georgiacommons.org/code/index.md version: the only printed version in_force: true current_through: Including Acts of the 2025 Regular Session of the General Assembly heading_path: COMMERCIAL CODE / LEASES / FORMATION AND CONSTRUCTION OF LEASE CONTRACT --- # O.C.G.A. § 11-2A-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 3 months. Any such term of assurance on a form supplied by the offeree must be separately signed by the offeror. ## History Code 1981, § 11-2A-205, enacted by Ga. L. 1993, p. 633, § 1; Ga. L. 2024, p. 817, § 6-2/HB 1240, effective July 1, 2024. ## Editor's Notes Ga. L. 2024, p. 817, § 1-1/HB 1240, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Uniform Commercial Code Modernization Act of 2024.’” Ga. L. 2024, p. 817, § 1-2/HB 1240, not codified by the General Assembly, provides: “Nothing in this Act shall be construed to support, endorse, create, or implement a national digital currency.” ## Amendments The 2024 amendment, effective July 1, 2024, substituted “record” for “writing” near the beginning of the first sentence.