UNIFORM COMMERCIAL CODE — LEASES
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.
[28-12-204, added 1993, ch. 287, sec. 1, p. 984.]