Under the Code,a contract to sell or lease personal property is recognized whenever the parties manifest such an intent,even if they cannot identify a precise moment the contract was formed.

Question

Quizplus · Accepted Answer

This is true according to the provisions of the Code. The parties only need to demonstrate an intent to sell or lease the property, even if they did not establish a specific time or moment when the contract was formed.

Under the Code,a Contract to Sell or Lease Personal Property