2018 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 2A - Leases
Section 55-2A-515 - Acceptance of goods.
(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.
History: 1978 Comp., § 55-2A-515, enacted by Laws 1992, ch. 114, § 70.
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].
Effective dates. — Laws 1992, ch. 114, § 238 made Laws 1992, ch. 114, § 70 effective July 1, 1992.
