A "New Mexico Notice by Buyer to Seller of a Grant of Extension of Time to Effect Cure of Improper Tender of the Goods" refers to a formal written notice sent by a buyer to a seller in New Mexico, indicating that the buyer is allowing the seller an extension of time to rectify an improper tender of goods. This notice is commonly used in commercial transactions governed by the Uniform Commercial Code (UCC) in New Mexico. The content of such a notice typically includes the following elements: 1. Identifying Information: The notice should clearly state the names and addresses of both the buyer and the seller involved in the transaction. This helps to ensure that the notice reaches the intended recipient. 2. Reference to the Purchase Agreement: The notice should reference the specific purchase agreement or contract between the buyer and the seller. This provides context and clarifies the basis for the buyer's request for an extension of time. 3. Description of the Improper Tender: The notice should detail the specific issues or defects with the goods that constitute an improper tender. This may include factors such as non-conformance to specifications, damaged goods, incorrect quantity, delayed delivery, or any other breaches of the terms agreed upon. 4. Grant of Extension: The notice should clearly state that the buyer is granting the seller an extension of time to cure the improper tender. The length of the granted extension should be specified, ensuring it is reasonable and in line with the circumstances. 5. Explanation of Cure Period: The notice may outline the period within which the seller must cure the improper tender to meet the buyer's satisfaction. The buyer should clearly communicate their expectations in terms of when the defect must be fixed or when a substitute delivery must be made. 6. Compliance with UCC: The notice should make reference to relevant sections of the UCC that grant the buyer the right to demand cure or to negotiate an extension of time for cure. This serves as a legal justification for the buyer's actions. Different types or variations of this notice may arise depending on the nature and complexity of the transaction. For instance: a. New Mexico Notice by Buyer to Seller of a Grant of Extension of Time to Effect Cure of Non-Conforming Goods: This notice specifically pertains to instances where the goods delivered do not comply with the agreed-upon specifications, quality, or characteristics. The notice would highlight the non-conformity issue and grant the seller an extension of time to rectify it. b. New Mexico Notice by Buyer to Seller of a Grant of Extension of Time to Effect Cure of Delayed Delivery: This notice would focus on cases where the seller fails to deliver the goods within the contracted timeframe. The buyer would grant the seller an extension to fulfill the delivery obligations within a revised timeline. These variations highlight the specific type of tender-related issue that the buyer seeks to address and give the seller an opportunity to cure within an extended timeframe.
New Mexico Notice by Buyer to Seller of a Grant of Extension of Time to Effect Cure of Improper Tender of the Goods
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