§7-2A-204. Formation in general.  


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  • (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.

(Acts 1992, 2nd Ex. Sess., No. 92-700, p. 92, §204.)