New Mexico Statutes
Part 2 - FORMATION AND CONSTRUCTION OF LEASE CONTRACT
Section 55-2A-206 - Offer and acceptance in formation of lease contract.

(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.
History: 1978 Comp., § 55-2A-206, enacted by Laws 1992, ch. 114, § 22.
OFFICIAL COMMENTS
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].
Effective dates. — Laws 1992, ch. 114, § 238 made Laws 1992, ch. 114, § 22 effective July 1, 1992.

Structure New Mexico Statutes