Okla. Stat. tit. 12A, § 2A-204 Formation In General

• Library: Oklahoma Statutes
• Edition: 2023
• Currency: Current through Laws 2023EX1, c. 52.
• Year: 2023
• Citation: Okla. Stat. tit. 12A, § 2A-204

(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.

Cite as Okla. Stat. tit. 12A, § 2A-204

History: Added by Laws 1988, HB 1683, c. 86, § 13, eff. November 1, 1988.

Note:

Oklahoma Code Comment

This section, as well as §§ 2A-206 and 2A-206, dealing with firm offers, offer and acceptance, and formation of a lease contract displace, to that extent, 16 Oklahoma Statutes §§ 2(4), 51(3), 67, 68, 69, 70, 71, and 106.