§ 6A-2.1-201. Statute of frauds.
(1) A lease contract is not enforceable by way of action or defense unless:
(a) The total payments to be made under the lease contract, excluding payments for options to renew or buy, are less than $ 1,000; or
(b) There is a writing, signed by the party against whom enforcement is sought or by that party’s authorized agent, sufficient to indicate that a lease contract has been made between the parties and to describe the goods leased and the lease term.
(2) Any description of leased goods or of the lease term is sufficient and satisfies subsection (1)(b), whether or not it is specific, if it reasonably identifies what is described.
(3) A writing is not insufficient because it omits or incorrectly states a term agreed upon, but the lease contract is not enforceable under subsection (1)(b) beyond the lease term and the quantity of goods shown in the writing.
(4) A lease contract that does not satisfy the requirements of subsection (1), but which is valid in other respects, is enforceable:
(a) If the goods are to be specially manufactured or obtained for the lessee and are not suitable for lease or sale to others in the ordinary course of the lessor’s business, and the lessor, before notice of repudiation is received and under circumstances that reasonably indicate that the goods are for the lessee, has made either a substantial beginning of their manufacture or commitments for their procurement;
(b) If the party against whom enforcement is sought admits in that party’s pleading, testimony or otherwise in court that a lease contract was made, but the lease contract is not enforceable under this provision beyond the quantity of goods admitted; or
(c) With respect to goods that have been received and accepted by the lessee.
(5) The lease term under a lease contract referred to in subsection (4) is:
(a) If there is a writing signed by the party against whom enforcement is sought or by that party’s authorized agent specifying the lease term, the term so specified;
(b) If the party against whom enforcement is sought admits in that party’s pleading, testimony, or otherwise in court a lease term, the term so admitted; or
(c) A reasonable lease term.
History of Section.P.L. 1991, ch. 305, § 1.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Part 2 - Formation and Construction of Lease Contract
Section 6A-2.1-201. - Statute of frauds.
Section 6A-2.1-202. - Final written expression: parol or extrinsic evidence.
Section 6A-2.1-203. - Seals inoperative.
Section 6A-2.1-204. - Formation in general.
Section 6A-2.1-205. - Firm offers.
Section 6A-2.1-206. - Offer and acceptance in formation of lease contract.
Section 6A-2.1-207. - [Reserved.]
Section 6A-2.1-208. - Modification, rescission, and waiver.
Section 6A-2.1-209. - Lessee under finance lease as beneficiary of supply contract.
Section 6A-2.1-210. - Express warranties.
Section 6A-2.1-212. - Implied warranty of merchantability.
Section 6A-2.1-213. - Implied warranty of fitness for particular purpose.
Section 6A-2.1-214. - Exclusion or modification of warranties.
Section 6A-2.1-215. - Cumulation and conflict of warranties express or implied.
Section 6A-2.1-216. - Third party beneficiaries of express and implied warranties.
Section 6A-2.1-217. - Identification.
Section 6A-2.1-218. - Insurance and proceeds.
Section 6A-2.1-219. - Risk of loss.
Section 6A-2.1-220. - Effect of default on risk of loss.
Section 6A-2.1-221. - Casualty to identified goods.
Section 6A-2.1-222. - Effect of tax increase on lease payments.