§2-1204. Formation in general
104 words·~1 min read·
/me/title-11-uniform-commercial-code/2-1204A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1). A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties that recognizes the existence of a lease contract.
[PL 1991, c. 805, §4 (NEW).]
(2). An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.
[PL 1991, c. 805, §4 (NEW).]
(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.
[PL 1991, c. 805, §4 (NEW).]