28-12-204. 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 (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.
History:
[28-12-204, added 1993, ch. 287, sec. 1, p. 984.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 12 - UNIFORM COMMERCIAL CODE — LEASES
Part 2 - FORMATION AND CONSTRUCTION OF LEASE CONTRACT
Section 28-12-201 - STATUTE OF FRAUDS.
Section 28-12-202 - FINAL WRITTEN EXPRESSION — PAROL OR EXTRINSIC EVIDENCE.
Section 28-12-203 - SEALS INOPERATIVE.
Section 28-12-204 - FORMATION IN GENERAL.
Section 28-12-205 - FIRM OFFERS.
Section 28-12-206 - OFFER AND ACCEPTANCE IN FORMATION OF LEASE CONTRACT.
Section 28-12-208 - MODIFICATION, RESCISSION AND WAIVER.
Section 28-12-209 - LESSEE UNDER FINANCE LEASE AS BENEFICIARY OF SUPPLY CONTRACT.
Section 28-12-210 - EXPRESS WARRANTIES.
Section 28-12-212 - IMPLIED WARRANTY OF MERCHANTABILITY.
Section 28-12-213 - IMPLIED WARRANTY OF FITNESS FOR PARTICULAR PURPOSE.
Section 28-12-214 - EXCLUSION OR MODIFICATION OF WARRANTIES.
Section 28-12-215 - CUMULATION AND CONFLICT OF WARRANTIES EXPRESS OR IMPLIED.
Section 28-12-216 - THIRD-PARTY BENEFICIARIES OF EXPRESS AND IMPLIED WARRANTIES.
Section 28-12-217 - IDENTIFICATION.
Section 28-12-218 - INSURANCE AND PROCEEDS.
Section 28-12-219 - RISK OF LOSS.