Section 55-2A-204 - Formation in general. - New Mexico Statutes

55-2A-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 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.