{"data":{"id":"us-nm/55-2a-204","jurisdiction":"us-nm","citation":"55-2A-204","heading":"Formation in general.","body":"(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.\n(2) An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.\n(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.\nOFFICIAL COMMENTS\nUCC Official Comments © by ALI \u0026 the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.\nUniform Statutory Source. - Section 2-204 [55-2-204 NMSA 1978].\nChanges. - Revised to reflect leasing practices and terminology.\n\"Agreement\". Section 1-201(3) [55-1-201 NMSA 1978].\n\"Lease contract\". Section 2A-103(1)(l) [55-2A-103 NMSA 1978].\n\"Party\". Section 1-201(29) [55-1-201 NMSA 1978].\n\"Remedy\". Section 1-201(34) [55-1-201 NMSA 1978].\n\"Term\". Section 1-201(42) [55-1-201 NMSA 1978].","path":["Chapter 55 - Uniform Commercial Code","ARTICLE 2A Leases"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18558/index.do","current_through":"2024-04-27","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"0edddb8c13a4ab5f81dfc150957887f9f6ccf6edec7af9e0a498f7713371467a","source_id":"us-nm","stale":false,"prev":"us-nm/55-2a-203","next":"us-nm/55-2a-205"},"notice":"GroundRules: Original legal text. Not legal advice."}