{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/8.2A-205.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/8.2A-205.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/8.2A-205.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/8.2A-205.html"}],"law_id":378022,"edition_id":2,"section_id":378022,"structure_id":53723,"section_number":"8.2A-205","catch_line":"Firm offers","history":"1991, c. 536; 2024, c. 652.","full_text":"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.\n\n","order_by":null,"text":{"0":{"id":1410091,"text":"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.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53723,"edition_id":2,"name":"Formation and Construction of Lease Contract","identifier":"2","label":"part","depth":2,"order_by":2,"parent_id":53721,"metadata":{"child_laws":21,"child_structures":0},"date_created":"2026-08-02 03:21:12","date_modified":"2026-08-02 12:28:30","permalink":{"id":1509409,"object_type":"structure","relational_id":53723,"identifier":"2","token":"8.2A\/2","url":"\/8.2A\/2\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53721,"edition_id":2,"name":"Commercial Code \u2014 Leases","identifier":"8.2A","label":"title","depth":1,"order_by":17,"parent_id":null,"metadata":{"child_laws":80,"child_structures":8},"date_created":"2026-08-02 03:21:10","date_modified":"2026-08-02 12:28:30","permalink":{"id":1509369,"object_type":"structure","relational_id":53721,"identifier":"8.2A","token":"8.2A","url":"\/8.2A\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":378018,"structure_id":53723,"section_number":"8.2A-201","catch_line":"Statute of frauds","url":"\/8.2A-201\/","token":"8.2A\/2\/8.2A-201","metadata":false},{"id":378019,"structure_id":53723,"section_number":"8.2A-202","catch_line":"Final expression: parol or extrinsic evidence","url":"\/8.2A-202\/","token":"8.2A\/2\/8.2A-202","metadata":false},{"id":378020,"structure_id":53723,"section_number":"8.2A-203","catch_line":"Seals inoperative","url":"\/8.2A-203\/","token":"8.2A\/2\/8.2A-203","metadata":false},{"id":378021,"structure_id":53723,"section_number":"8.2A-204","catch_line":"Formation in general","url":"\/8.2A-204\/","token":"8.2A\/2\/8.2A-204","metadata":false},{"id":378022,"structure_id":53723,"section_number":"8.2A-205","catch_line":"Firm offers","url":"\/8.2A-205\/","token":"8.2A\/2\/8.2A-205","metadata":false},{"id":378023,"structure_id":53723,"section_number":"8.2A-206","catch_line":"Offer and acceptance in formation of lease contract","url":"\/8.2A-206\/","token":"8.2A\/2\/8.2A-206","metadata":false},{"id":378024,"structure_id":53723,"section_number":"8.2A-207","catch_line":"Repealed","url":"\/8.2A-207\/","token":"8.2A\/2\/8.2A-207","metadata":false},{"id":378025,"structure_id":53723,"section_number":"8.2A-208","catch_line":"Modification, rescission, and waiver","url":"\/8.2A-208\/","token":"8.2A\/2\/8.2A-208","metadata":false},{"id":378026,"structure_id":53723,"section_number":"8.2A-209","catch_line":"Lessee under finance lease as beneficiary of supply contract","url":"\/8.2A-209\/","token":"8.2A\/2\/8.2A-209","metadata":false},{"id":378027,"structure_id":53723,"section_number":"8.2A-210","catch_line":"Express warranties","url":"\/8.2A-210\/","token":"8.2A\/2\/8.2A-210","metadata":false},{"id":378028,"structure_id":53723,"section_number":"8.2A-211","catch_line":"Warranties against interference and against infringement; lessee's obligation against infringement","url":"\/8.2A-211\/","token":"8.2A\/2\/8.2A-211","metadata":false},{"id":378029,"structure_id":53723,"section_number":"8.2A-212","catch_line":"Implied warranty of merchantability","url":"\/8.2A-212\/","token":"8.2A\/2\/8.2A-212","metadata":false},{"id":378030,"structure_id":53723,"section_number":"8.2A-213","catch_line":"Implied warranty of fitness for particular purpose","url":"\/8.2A-213\/","token":"8.2A\/2\/8.2A-213","metadata":false},{"id":378031,"structure_id":53723,"section_number":"8.2A-214","catch_line":"Exclusion or modification of warranties","url":"\/8.2A-214\/","token":"8.2A\/2\/8.2A-214","metadata":false},{"id":378032,"structure_id":53723,"section_number":"8.2A-215","catch_line":"Cumulation and conflict of warranties express or implied","url":"\/8.2A-215\/","token":"8.2A\/2\/8.2A-215","metadata":false},{"id":378033,"structure_id":53723,"section_number":"8.2A-216","catch_line":"Third-party beneficiaries of express and implied warranties","url":"\/8.2A-216\/","token":"8.2A\/2\/8.2A-216","metadata":false},{"id":378034,"structure_id":53723,"section_number":"8.2A-217","catch_line":"Identification","url":"\/8.2A-217\/","token":"8.2A\/2\/8.2A-217","metadata":false},{"id":378035,"structure_id":53723,"section_number":"8.2A-218","catch_line":"Insurance and proceeds","url":"\/8.2A-218\/","token":"8.2A\/2\/8.2A-218","metadata":false},{"id":378036,"structure_id":53723,"section_number":"8.2A-219","catch_line":"Risk of loss","url":"\/8.2A-219\/","token":"8.2A\/2\/8.2A-219","metadata":false},{"id":378037,"structure_id":53723,"section_number":"8.2A-220","catch_line":"Effect of default on risk of loss","url":"\/8.2A-220\/","token":"8.2A\/2\/8.2A-220","metadata":false},{"id":378038,"structure_id":53723,"section_number":"8.2A-221","catch_line":"Casualty to identified goods","url":"\/8.2A-221\/","token":"8.2A\/2\/8.2A-221","metadata":false}],"previous_section":{"id":378021,"structure_id":53723,"section_number":"8.2A-204","catch_line":"Formation in general","url":"\/8.2A-204\/","token":"8.2A\/2\/8.2A-204","metadata":false},"next_section":{"id":378023,"structure_id":53723,"section_number":"8.2A-206","catch_line":"Offer and acceptance in formation of lease contract","url":"\/8.2A-206\/","token":"8.2A\/2\/8.2A-206","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.2A-205\/","history_text":"<p>This law was first created in 1991. The record of its establishment is cataloged in chapter 536 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1991 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2024, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?241+ful+CHAP0652\">652<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1509427,"object_type":"law","relational_id":378022,"identifier":"8.2A-205","token":"8.2A\/2\/8.2A-205","url":"\/8.2A-205\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/8.2A-205\/","token":"8.2A\/2\/8.2A-205","dublin_core":{"Title":"Firm offers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.2A-205","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>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.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nFIRM OFFERS (\u00a7 8.2A-205)\n\nAn offer by a merchant to lease goods to or from another person in a signed\nrecord that by its terms gives assurance it will be held open is not revocable,\nfor lack of consideration, during the time stated or, if no time is stated, for\na reasonable time, but in no event may the period of irrevocability exceed three\nmonths. Any such term of assurance on a form supplied by the offeree must be\nseparately signed by the offeror.\n\nHISTORY: 1991, c. 536; 2024, c. 652.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}