Nebraska Uniform Commercial Code 2A-204

UCC 2A-204

2A-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 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.

Source

  • Laws 1991, LB 159, § 15.

Annotations

  • COMMENT

  • Uniform Statutory Source: Section 2-204.

  • Changes: Revised to reflect leasing practices and terminology.

  • Definitional Cross References:

  • "Agreement". Section 1-201(3).

  • "Lease contract". Section 2A-103(1)(l).

  • "Party". Section 1-201(29).

  • "Remedy". Section 1-201(34).

  • "Term". Section 1-201(42).