§ 440.2854

440.2854 Lease contract; sufficiency to show agreement; conduct; open terms. Sec. 2A204. (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 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: Add. 1992, Act 101, Eff. Sept. 30, 1992