N.M. Stat. § 55-2A-514

Waiver of lessee's objections.

Last amended: 2005Year: 2026Length: 111 wordsSubsections: 2Official source
(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: (a) if, stated seasonably, the lessor or the supplier could have cured it (Section 55-2A-513 NMSA 1978); or (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. (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.
N.M. Stat. § 55-2A-514: Waiver of lessee's objections. | Justis AI