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New Mexico Statutes Annotated 1978

2

Sales

State of New Mexico

55-2-101Short title 55-2-102Scope; certain security and other transactions excluded from this article 55-2-103Definitions and index of definitions 55-2-104Definitions; "merchant"; "between merchants"; "financing agency"55-2-105Definitions: transferability; "goods"; "future" goods; "lot"; "commercial unit."55-2-106Definitions; "contract"; "agreement"; "contract for sale"; "sale"; "present sale"; "conforming" to contract; "termination"; "cancellation"; hybrid transaction."55-2-107Goods to be severed from realty; recording 55-2-201Formal requirements; statute of frauds 55-2-202Final written expression; parol or extrinsic evidence 55-2-203Seals inoperative 55-2-204Formation in general 55-2-205Firm offers 55-2-206Offer and acceptance in formation of contract 55-2-207Additional terms in acceptance or confirmation 55-2-209Modification, rescission and waiver 55-2-210Delegation of performance; assignment of rights 55-2-301General obligations of parties 55-2-302Unconscionable contract or clause 55-2-303Allocation or division of risks 55-2-304Price payable in money, goods, realty or otherwise 55-2-305Open price term 55-2-306Output, requirements and exclusive dealings 55-2-307Delivery in single lot or several lots 55-2-308Absence of specified place for delivery 55-2-309Absence of specific time provisions; notice of termination 55-2-310Open time for payment or running of credit; authority to ship under reservation 55-2-311Options and cooperation respecting performance 55-2-312Warranty of title and against infringement; buyer's obligation against infringement 55-2-313Express warranties by affirmation, promise, description, sample 55-2-314Implied warranty: merchantability; usage of trade 55-2-315Implied warranty: fitness for particular purpose 55-2-316Exclusion or modification of warranties 55-2-317Cumulation and conflict of warranties express or implied 55-2-318Third-party beneficiaries of warranties express or implied 55-2-319F.O.B. and F.A.S. terms 55-2-320C.I.F. and C.&F. terms 55-2-321C.I.F. or C.&F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival 55-2-322Delivery "ex-ship"55-2-323Form of bill of lading required on overseas shipment; "overseas"55-2-324"No arrival, no sale" term 55-2-325"Letter of credit" term; "confirmed credit."55-2-326Sale on approval and sale or return; rights of creditors 55-2-327Special incidents of sale on approval and sale or return 55-2-328Sale by auction 55-2-401Passing of title; reservation for security; limited application of this section 55-2-402Rights of seller's creditors against sold goods 55-2-403Power to transfer; good faith purchase of goods; "entrusting"55-2-501Insurable interest in goods; manner of identification of goods 55-2-502Buyer's right to goods on seller's repudiation, failure to deliver or insolvency 55-2-503Manner of seller's tender of delivery 55-2-504Shipment by seller 55-2-505Seller's shipment under reservation 55-2-506Rights of financing agency 55-2-507Effect of seller's tender; delivery on condition 55-2-508Cure by seller of improper tender or delivery; replacement 55-2-509Risk of loss in the absence of breach 55-2-510Effect of breach on risk of loss 55-2-511Tender of payment by buyer; payment by check 55-2-512Payment by buyer before inspection 55-2-513Buyer's right to inspection of goods 55-2-514When documents deliverable on acceptance; when on payment 55-2-515Preserving evidence of goods in dispute 55-2-601Buyer's rights on improper delivery 55-2-602Manner and effect of rightful rejection 55-2-603Merchant buyer's duties as to rightfully rejected goods 55-2-604Buyer's options as to salvage of rightfully rejected goods 55-2-605Waiver of buyer's objections by failure to particularize 55-2-606What constitutes acceptance of goods 55-2-607Effect of acceptance; notice of breach; burden of establishing breach after acceptance; notice of claim or litigation to person answerable over 55-2-608Revocation of acceptance in whole or in part 55-2-609Right to adequate assurance of performance 55-2-610Anticipatory repudiation 55-2-611Retraction of anticipatory repudiation 55-2-612"Installment contract"; breach 55-2-613Casualty to identified goods 55-2-614Substituted performance 55-2-615Excuse by failure of presupposed conditions 55-2-616Procedure on notice claiming excuse 55-2-701Remedies for breach of collateral contracts not impaired 55-2-702Seller's remedies on discovery of buyer's insolvency 55-2-703Seller's remedies in general 55-2-704Seller's right to identify goods to the contract notwithstanding breach or to salvage unfinished goods 55-2-705Seller's stoppage of delivery in transit or otherwise 55-2-706Seller's resale including contract for resale 55-2-707"Person in the position of a seller."55-2-708Seller's damages for nonacceptance or repudiation 55-2-709Action for the price 55-2-710Seller's incidental damages 55-2-711Buyer's remedies in general; buyer's security interest in rejected goods 55-2-712"Cover"; buyer's procurement of substitute goods 55-2-713Buyer's damages for nondelivery or repudiation 55-2-714Buyer's damages for breach in regard to accepted goods 55-2-715Buyer's incidental and consequential damages 55-2-716Buyer's right to specific performance or replevin 55-2-717Deduction of damages from the price 55-2-718Liquidation or limitation of damages; deposits 55-2-719Contractual modification or limitation of remedy 55-2-720Effect of "cancellation" or "rescission" on claims for antecedent breach 55-2-721Remedies for fraud 55-2-722Who can sue third parties for injury to goods 55-2-723Proof of market price; time and place 55-2-724Admissibility of market quotations 55-2-725Statute of limitations in contracts for sale