N.M. Stat. § 55-2A-514
Waiver of lessee's objections.
(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.