Wisconsin Code § 402.205

Firm offers
Open in Lexace · Ask the AI about this section
An offer by a merchant to buy or sell
goods in a signed writing 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 3
months; but any such term of assurance on a form supplied by the
offeree must be separately signed by the offeror.
Although a bid for pipe did not meet the “firm offer” requirement, the facts
pleaded and relied upon by the contractor to support its claim and to which the supplier responded in entering its defense gave rise to the doctrine of promissory estoppel. Janke Construction Co. v. Vulcan Materials Co., 386 F. Supp. 687 (1974).

‹ Prev All Wisconsin sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.