N.M. Stat. § 55-2A-204

Current through 2024, ch. 69
Section 55-2A-204 - Formation in general
(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.

NMS § 55-2A-204

1978 Comp., § 55-2A-204, enacted by Laws 1992, ch. 114, § 20.