355.2A -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 it s 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. Effective: January 1, 1991 History: Created 1990 Ky. Acts ch. 363, sec. 13, effective January 1, 1991.
Kentucky Legal Code