(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.
1991, c. 536.
Structure Code of Virginia
Title 8.2A - Commercial Code - Leases
§ 8.2A-202. Final written expression: parol or extrinsic evidence
§ 8.2A-204. Formation in general
§ 8.2A-206. Offer and acceptance in formation of lease contract
§ 8.2A-208. Modification, rescission and waiver
§ 8.2A-209. Lessee under finance lease as beneficiary of supply contract
§ 8.2A-210. Express warranties
§ 8.2A-212. Implied warranty of merchantability
§ 8.2A-213. Implied warranty of fitness for particular purpose
§ 8.2A-214. Exclusion or modification of warranties
§ 8.2A-215. Cumulation and conflict of warranties express or implied
§ 8.2A-216. Third-party beneficiaries of express and implied warranties
§ 8.2A-218. Insurance and proceeds