TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 12

UNIFORM COMMERCIAL CODE — LEASES

PART 2.

FORMATION AND CONSTRUCTION OF LEASE CONTRACT

28-12-204.  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 (1) 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.

History:

[28-12-204, added 1993, ch. 287, sec. 1, p. 984.]