Arkansas Code Title 4, Subtitle 1, Chapter 2a - Leases, Part 2 - Formation and Construction of Lease Contract

• § 4-2a-201 - Statute of Frauds.
  (1) A lease contract is not enforceable by way of action or defense unless: (a) the total payments to be made under the lease...
• § 4-2a-202 - Final Written Expression -- Parol or Extrinsic Evidence.
  Terms with respect to which the confirmatory memoranda of the parties agree or which are otherwise set forth in a writing intended by the...
• § 4-2a-203 - Seals Inoperative.
  The affixing of a seal to a writing evidencing a lease contract or an offer to enter into a lease contract does not render...
• § 4-2a-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...
• § 4-2a-205 - Firm Offers.
  An offer by a merchant to lease goods to or from another person in a signed writing that by its terms gives assurance it...
• § 4-2a-206 - Offer and Acceptance in Formation of Lease Contract.
  (1) Unless otherwise unambiguously indicated by the language or circumstances, an offer to make a lease contract must be construed as inviting acceptance in...
• § 4-2A-207 - [Repealed.]
• § 4-2a-208 - Modification -- Rescission -- Waiver.
  (1) An agreement modifying a lease contract needs no consideration to be binding.(2) A signed lease agreement that excludes modification or rescission except by...
• § 4-2a-209 - Lessee Under Finance Lease As Beneficiary of Supply Contract.
  (1) The benefit of a supplier's promises to the lessor under the supply contract and of all warranties, whether express or implied, including those...
• § 4-2a-210 - Express Warranties.
  (1) Express warranties by the lessor are created as follows: (a) Any affirmation of fact or promise made by the lessor to the lessee...
• § 4-2a-211 - Warranties Against Interference and Against Infringement -- Lessee's Obligation Against Infringement.
  (1) There is in a lease contract a warranty that for the lease term no person holds a claim to or interest in the...
• § 4-2a-212 - Implied Warranty of Merchantability.
  (1) Except in a finance lease, a warranty that the goods will be merchantable is implied in a lease contract if the lessor is...
• § 4-2a-213 - Implied Warranty of Fitness for Particular Purpose.
  Except in a finance lease, if the lessor at the time the lease contract is made has reason to know of any particular purpose...
• § 4-2a-214 - Exclusion or Modification of Warranties.
  (1) Words or conduct relevant to the creation of an express warranty and words or conduct tending to negate or limit a warranty must...
• § 4-2a-215 - Cumulation and Conflict of Warranties Express or Implied.
  Warranties, whether express or implied, must be construed as consistent with each other and as cumulative, but if that construction is unreasonable, the intention...
• § 4-2a-216 - Third-Party Beneficiaries of Express and Implied Warranties.
  A warranty to or for the benefit of a lessee under this chapter, whether express or implied, extends to any person who may reasonably...
• § 4-2a-217 - Identification.
  Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to...
• § 4-2a-218 - Insurance and Proceeds.
  (1) A lessee obtains an insurable interest when existing goods are identified to the lease contract even though the goods identified are nonconforming and...
• § 4-2a-219 - Risk of Loss.
  (1) Except in the case of a finance lease, risk of loss is retained by the lessor and does not pass to the lessee....
• § 4-2a-220 - Effect of Default on Risk of Loss.
  (1) Where risk of loss is to pass to the lessee and the time of passage is not stated: (a) If a tender or...
• § 4-2a-221 - Casualty to Identified Goods.
  If a lease contract requires goods identified when the lease contract is made, and the goods suffer casualty without fault of the lessee, the...

Last modified: November 15, 2016