Oklahoma Statutes

§ 12A-2A-204 — Formation in general.

Oklahoma·Title 12A Uniform Commercial Code

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 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.

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Legislative History

Added by Laws 1988, c. 86, § 13, eff. Nov. 1, 1988.

Nearby Sections

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