The Uniform Commercial Code dispenses with the requirement of consideration in certain contracts that involve a merchant's written firm offer that provides that the contract is irrevocable.

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The Uniform Commercial Code (UCC) provides that a merchant's firm offer, in writing and signed by the merchant, may not be revoked for a period of time not to exceed three months if no consideration is required in exchange for the promise to keep the offer open. This exception to the requirement of consideration is found in UCC Section 2-205.

The Uniform Commercial Code Dispenses with the Requirement of Consideration