GroundRules
← Search the law
New Mexico · Through 2024-04-27

55-2A-515: Acceptance of goods.

Read at publisher ↗
Where this section sits in the code
  1. Chapter 55 - Uniform Commercial Code
  2. ARTICLE 2A Leases

(1) Acceptance of goods occurs after the lessee has had a reasonable opportunity to inspect the goods and:

(a) the lessee signifies or acts with respect to the goods in a manner that signifies to the lessor or the supplier that the goods are conforming or that the lessee will take or retain them in spite of their nonconformity; or

(b) the lessee fails to make an effective rejection of the goods (Section 55-2A-509(2) NMSA 1978).

(2) Acceptance of a part of any commercial unit is acceptance of that entire unit.

OFFICIAL COMMENTS

UCC Official Comments © by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.

Uniform Statutory Source: - Section 2-606 [55-2-606 NMSA 1978].

Changes: - The provisions of Section 2-606(1)(a) [55-2-606 NMSA 1978] were substantially rewritten to provide that the lessee's conduct may signify acceptance. Further, the provisions of Section 2-606(1)(c) [55-2-606 NMSA 1978] were not incorporated as irrelevant given the lessee's possession and use of the leased goods.

Cross References: - Sections 2-606(1)(a) and 2-606(1)(c) [55-2-606 NMSA 1978].

"Commercial unit". Section 2A-103(1)(c) [55-2A-103 NMSA 1978].

"Conforming". Section 2A-103(1)(d) [55-2A-103 NMSA 1978].

"Goods". Section 2A-103(1)(h) [55-2A-103 NMSA 1978].

"Lessee". Section 2A-103(1)(n) [55-2A-103 NMSA 1978].

"Lessor". Section 2A-103(1)(p) [55-2A-103 NMSA 1978].

"Supplier". Section 2A-103(1)(x) [55-2A-103 NMSA 1978].

Collected 2026-09-03T15:02:20Z. Source file · JSON

Browse this collection