New Mexico Statutes

§ 55-2A-212 — Implied warranty of merchantability

New Mexico·Ch. 55 Uniform Commercial Code·Art. 2A Leases
(1)Except in a finance lease, a warranty that the goods will be merchantable is implied in a lease contract if the lessor is a merchant with respect to goods of that kind.
(2)Goods to be merchantable must be at least such as:
(a)pass without objection in the trade under the description in the lease agreement;
(b)in the case of fungible goods, are of fair average quality within the description;
(c)are fit for the ordinary purposes for which goods of that type are used;
(d)run, within the variation permitted by the lease agreement, of even kind, quality and quantity within each unit and among all units involved;
(e)are adequately contained, packaged and labeled as the lease agreement may require; and (f) conform to any promises or affirmations of fact made on the container or label. (

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Legislative History

1978 Comp., § 55-2A-212, enacted by Laws 1992, ch. 114, § 28.

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