New Mexico § 55-2A-204 Formation in general

New Mexico Statutes

§ 55-2A-204 — Formation in general

New Mexico § 55-2A-204

Ch. 55Uniform Commercial Code

Art. 2ALeases

This text of New Mexico § 55-2A-204 (Formation in general) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-2A-204 (2026).

Text

(1)A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a lease contract.

(2)An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined.

(3)Although one or more terms are left open, a lease contract does not fail for indefiniteness if the parties have intended to make a lease contract and there is a reasonably certain basis for giving an appropriate remedy.

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(1) A lease contract may be made in any manner sufficient to show agreement, including conduct by both parties which recognizes the existence of a lease contract. (2) An agreement sufficient to constitute a lease contract may be found although the moment of its making is undetermined. (3) Although one or more terms are left open, a lease contract does not fail for indefiniteness if the parties have intended to make a lease contract and there is a reasonably certain basis for giving an appropriate remedy.