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§ 55-2A-206 NMSA 1978

Offer and acceptance in formation of lease contract

Known as the Uniform Commercial Code

The act spans §§ 55–55 (591 sections).

1978 Comp., § 55-2A-206, enacted by Laws 1992, ch. 114, § 22.

(1) Unless otherwise unambiguously indicated by the language or circumstances, an offer to make a lease contract must be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances.

(2) If the beginning of a requested performance is a reasonable mode of acceptance, an offeror who is not notified of acceptance within a reasonable time may treat the offer as having lapsed before acceptance.

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

Uniform Statutory Source. — Section 2-206(1)(a) and (2) [ 55-2-206 NMSA 1978].

Changes. — Revised to reflect leasing practices and terminology.

"Lease contract". Section 2A-103(1)(l) [ 55-2A-103 NMSA 1978].

"Notifies". Section 1-201(26) [ 55-1-201 NMSA 1978].

"Reasonable time". Section 1-204(1) and (2) [ 55-1-204 NMSA 1978].

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.