§ 12A-2A-204. Formation in general.  


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  • FORMATION IN GENERAL

    (1)  A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a lease contract.

    (2)  An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.

    (3)  Although one or more terms are left open, a lease contract does not fail for indefiniteness if the parties have intended to make a lease contract and there is a reasonably certain basis for giving an appropriate remedy.

Added by Laws 1988, c. 86, § 13, eff. Nov. 1, 1988.