{"data":{"id":"us-nm/55-2a-514","jurisdiction":"us-nm","citation":"55-2A-514","heading":"Waiver of lessee's objections.","body":"(1) In rejecting goods, a lessee's failure to state a particular defect that is ascertainable by reasonable inspection precludes the lessee from relying on the defect to justify rejection or to establish default:\n(a) if, stated seasonably, the lessor or the supplier could have cured it (Section 55-2A-513 NMSA 1978); or\n(b) between merchants if the lessor or the supplier after rejection has made a request in writing for a full and final written statement of all defects on which the lessee proposes to rely.\n(2) A lessee's failure to reserve rights when paying rent or other consideration against documents precludes recovery of the payment for defects apparent in the documents.\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 2-605 [55-2-605 NMSA 1978].\nChanges: - Revised to reflect leasing practices and terminology.\nPurposes:\n1. The principles applicable to the commercial practice of payment against documents (Subsection 2) are explained in official Comment 4 to Section 2-605 [55-2-605 NMSA 1978], the statutory analogue to this section.\n2. As to the use of a record other than a writing and communications that are not written, see Section 2A-103 [55-2A-103 NMSA 1978], Comment (g).\nCross Reference: - Section 2-605 [55-2-605 NMSA 1978] official comment 4.\n\"Between merchants\". Section 2-104(3) [55-2-104 NMSA 1978].\n\"Goods\". Section 2A-103(1)(h) [55-2A-103 NMSA 1978].\n\"Lessee\". Section 2A-103(1)(n) [55-2A-103 NMSA 1978].\n\"Lessor\". Section 2A-103(1)(p) [55-2A-103 NMSA 1978].\n\"Rights\". Section 1-201(36) [55-1-201 NMSA 1978].\n\"Seasonably\". Section 1-204(3) [55-1-204 NMSA 1978].\n\"Supplier\". Section 2A-103(1)(x) [55-2A-103 NMSA 1978].\n\"Writing\". Section 1-201(46) [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":"6b218e36e1336ac2bbccbc46e9c3c330329cd09b344349806a62bbb53a917718","source_id":"us-nm","stale":false,"prev":"us-nm/55-2a-513","next":"us-nm/55-2a-515"},"notice":"GroundRules: Original legal text. Not legal advice."}