<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-2A-205 - Firm offers.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s9e2cf62bd04e47fe896578c632fc514dNormal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s9e2cf62bd04e47fe896578c632fc514dSENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s9e2cf62bd04e47fe896578c632fc514dCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s9e2cf62bd04e47fe896578c632fc514dStatute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s9e2cf62bd04e47fe896578c632fc514dDefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s9e2cf62bd04e47fe896578c632fc514d000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s9e2cf62bd04e47fe896578c632fc514dNoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s9e2cf62bd04e47fe896578c632fc514dDefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s9e2cf62bd04e47fe896578c632fc514dSCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 57A-2A-205 - Firm offers."><meta property="og:description" content="SDLRC Codified Law 57A-2A-205 - Firm offers."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/57A-2A-205"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s9e2cf62bd04e47fe896578c632fc514dNormal"><a href="https://sdlegislature.gov/Statutes?Statute=57A-2A-205" rel="noopener"><span class="s9e2cf62bd04e47fe896578c632fc514dSENU">57A-2A-205</span></a><span xml:space="preserve" class="s9e2cf62bd04e47fe896578c632fc514dSENU">. </span><span class="s9e2cf62bd04e47fe896578c632fc514dCL">Firm offers.</span></p><p dir="ltr" class="s9e2cf62bd04e47fe896578c632fc514dStatute"><span class="s9e2cf62bd04e47fe896578c632fc514dDefaultParagraphFont">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.</span></p><p dir="ltr" class="s9e2cf62bd04e47fe896578c632fc514dNormal"><span xml:space="preserve" class="s9e2cf62bd04e47fe896578c632fc514d000000"> </span></p><p dir="ltr" class="s9e2cf62bd04e47fe896578c632fc514dNoIndent"><span xml:space="preserve" class="s9e2cf62bd04e47fe896578c632fc514dDefaultParagraphFont-000001">Source: </span><span class="s9e2cf62bd04e47fe896578c632fc514dSCL">SL 1989, ch 419, § 1; SL 2024, ch 198, § 19.</span></p></div></body></html>