New Mexico Statutes 55-2A-515. Acceptance of goods
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(1) Acceptance of goods occurs after the lessee has had a reasonable opportunity to inspect the goods and:
Terms Used In New Mexico Statutes 55-2A-515
- commercial unit: means such a unit of goods as by commercial usage is a single whole for purposes of lease and division of which materially impairs its character or value on the market or in use. See New Mexico Statutes 55-2A-103
- goods: means all things that are movable at the time of identification to the lease contract or are fixtures (Section New Mexico Statutes 55-2A-103
- lessee: means a person who acquires the right to possession and use of goods under a lease. See New Mexico Statutes 55-2A-103
- lessor: means a person who transfers the right to possession and use of goods under a lease. See New Mexico Statutes 55-2A-103
- supplier: means a person from whom a lessor buys or leases goods to be leased under a finance lease. See New Mexico Statutes 55-2A-103
(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.