2006 Nebraska Revised Statutes - § 81-162 — Purchases or leases; form of contract.
Section 81-162Purchases or leases; form of contract.
Contracts for purchases or leases may be made in any of the following forms:
(1) For the furnishing of specific personal property at specific prices;
(2) For the furnishing of personal property, according to the specifications, at a fixed rate for a minimum quantity, subject to furnishing a greater quantity at the same or a lesser rate; or
(3) For the furnishing of personal property, according to the specifications without a stated minimum at a rate stated, commonly known as a price agreement.
The form of the contract to be used in any case shall be subject to the discretion of the materiel division.
Source:
- Laws 1943, c. 215, § 18, p. 709
R.S.1943, § 81-162
Laws 1975, LB 359, § 11
Laws 1992, LB 1241, § 20
~Reissue Revised Statutes of Nebraska
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