D is corrent. In order to have a firm offer under the UCC, the offer must be made by a merchant offeror in a signed writing which gives assurance that the offer will be held open. There is no requirement that the offeree also be a merchant. A firm offer does not need to state the period of time for which it is irrevocable. If no time period is stated, the offer will be irrevocable for a reasonable period of time, not to exceed 3 months. A firm offer need not be supported by consideration to be irrevocable.
A is incorrect. There is no requirement that the offeree be a merchant.
B is incorrect. A firm offer need not be supported by consideration to be irrevocable.
C is incorrect. A firm offer does not need to state the period of time for which it is irrevocable.
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