An offer by a merchant to buy or sell goods in a signed record which 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; but any such term of assurance on a form supplied by the offeree must be separately signed by the offeror.
Haw. Rev. Stat. § 490:2-205
Firm offers
Known as the Uniform Commercial Code
The act spans §§ 490:10-101 to 490:9-809 (641 sections).
Applied in 1 court decision — leading case Chin v. Ram Paging Hawaii (1996)
Most recently applied in Chin v. Ram Paging Hawaii (December 1996)
L 1965, c 208, §2-205; HRS §490:2-205; am L 2023, c 132, §64
Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.