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§ 55-2A-515 NMSA 1978

Acceptance of goods

Known as the Uniform Commercial Code

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

1978 Comp., § 55-2A-515, enacted by Laws 1992, ch. 114, § 70.

(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.

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].

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.