(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 (1) 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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Part 2 - Formation and Construction of Lease Contract
§ 4-2A-202. Final written expression — Parol or extrinsic evidence
§ 4-2A-204. Formation in general
§ 4-2A-206. Offer and acceptance in formation of lease contract
§ 4-2A-208. Modification — Rescission — Waiver
§ 4-2A-209. Lessee under finance lease as beneficiary of supply contract
§ 4-2A-210. Express warranties
§ 4-2A-212. Implied warranty of merchantability
§ 4-2A-213. Implied warranty of fitness for particular purpose
§ 4-2A-214. Exclusion or modification of warranties
§ 4-2A-215. Cumulation and conflict of warranties express or implied
§ 4-2A-216. Third-party beneficiaries of express and implied warranties
§ 4-2A-218. Insurance and proceeds