New Mexico Statutes
§ 55-2A-212 — Implied warranty of merchantability
(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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New Mexico § 55-2A-212 (Implied warranty of merchantability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1978 Comp., § 55-2A-212, enacted by Laws 1992, ch. 114, § 28.
Nearby Sections
15
§ 55-1-101
Short titles§ 55-1-102
Scope of article§ 55-1-104
Construction against implicit repeal§ 55-1-105
Severability§ 55-1-106
Use of singular and plural; gender§ 55-1-107
Section captions§ 55-1-109
Repealed§ 55-1-110
Repealed§ 55-1-201
General definitions§ 55-1-202
Notice; knowledge§ 55-1-204
Value§ 55-1-205
Reasonable time; seasonableness