70A-2a-204 - Formation in general.
70A-2a-204. Formation in general.
(1) A lease contract may be made in any manner sufficient to show agreement, includingconduct by both parties which recognizes the existence of a lease contract.
(2) An agreement sufficient to constitute a lease contract may be found although themoment of its making is undetermined.
(3) Although one or more terms are left open, a lease contract does not fail forindefiniteness if the parties have intended to make a lease contract and there is a reasonablycertain basis for giving an appropriate remedy.
Enacted by Chapter 197, 1990 General Session