New Mexico Statutes
Article 2 - Sales
Part 3 - GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT

Section 55-2-301 - General obligations of parties. - The obligation of the seller is to transfer and deliver...

Section 55-2-302 - Unconscionable contract or clause. - (1) If the court as a matter of law finds...

Section 55-2-303 - Allocation or division of risks. - Where this article allocates a risk or a burden as...

Section 55-2-304 - Price payable in money, goods, realty or otherwise. - (1) The price can be made payable in money or...

Section 55-2-305 - Open price term. - (1) The parties if they so intend can conclude a...

Section 55-2-306 - Output, requirements and exclusive dealings. - (1) A term which measures the quantity by the output...

Section 55-2-307 - Delivery in single lot or several lots. - Unless otherwise agreed all goods called for by a contract...

Section 55-2-308 - Absence of specified place for delivery. - Unless otherwise agreed: (a) the place for delivery of goods...

Section 55-2-309 - Absence of specific time provisions; notice of termination. - (1) The time for shipment or delivery or any other...

Section 55-2-310 - Open time for payment or running of credit; authority to ship under reservation. - Unless otherwise agreed: (a) payment is due at the time...

Section 55-2-311 - Options and cooperation respecting performance. - (1) An agreement for sale which is otherwise sufficiently definite...

Section 55-2-312 - Warranty of title and against infringement; buyer's obligation against infringement. - (1) Subject to Subsection (2) there is in a contract...

Section 55-2-313 - Express warranties by affirmation, promise, description, sample. - (1) Express warranties by the seller are created as follows:...

Section 55-2-314 - Implied warranty: merchantability; usage of trade. - (1) Unless excluded or modified (Section 2-316 [55-2-316 NMSA 1978]),...

Section 55-2-315 - Implied warranty: fitness for particular purpose. - Where the seller at the time of contracting has reason...

Section 55-2-316 - Exclusion or modification of warranties. - (1) Words or conduct relevant to the creation of an...

Section 55-2-317 - Cumulation and conflict of warranties express or implied. - Warranties whether express or implied shall be construed as consistent...

Section 55-2-318 - Third-party beneficiaries of warranties express or implied. - A seller's warranty whether express or implied extends to any...

Section 55-2-319. F.O.B - and F.A.S. terms. - (1) Unless otherwise agreed the term F.O.B. (which means "free...

Section 55-2-320. C.I.F - and C.&F. terms. - (1) The term C.I.F. means that the price includes in...

Section 55-2-321. C.I.F - or C.&F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival. - Under a contract containing a term C.I.F. or C.&F.: (1)...

Section 55-2-322 - Delivery "ex-ship". - (1) Unless otherwise agreed a term for delivery of goods...

Section 55-2-323 - Form of bill of lading required on overseas shipment; "overseas". - (1) Where the contract contemplates overseas shipment and contains a...

Section 55-2-324 - "No arrival, no sale" term. - Under a term "no arrival, no sale" or terms of...

Section 55-2-325 - "Letter of credit" term; "confirmed credit.". - (1) Failure of the buyer seasonably to furnish an agreed...

Section 55-2-326 - Sale on approval and sale or return; rights of creditors. - (1) Unless otherwise agreed, if delivered goods may be returned...

Section 55-2-327 - Special incidents of sale on approval and sale or return. - (1) Under a sale on approval unless otherwise agreed: (a)...

Section 55-2-328 - Sale by auction. - (1) In a sale by auction if goods are put...