GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT

  1. Law
  2. New Mexico Statutes
  3. Uniform Commercial Code
  4. Sales
  5. GENERAL OBLIGATION AND CONSTRUCTION OF CONTRACT

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Section
55-2-301

General obligations of parties.

Section
55-2-302

Unconscionable contract or clause.

Section
55-2-303

Allocation or division of risks.

Section
55-2-304

Price payable in money, goods, realty or otherwise.

Section
55-2-305

Open price term.

Section
55-2-306

Output, requirements and exclusive dealings.

Section
55-2-307

Delivery in single lot or several lots.

Section
55-2-308

Absence of specified place for delivery.

Section
55-2-309

Absence of specific time provisions; notice of termination.

Section
55-2-310

Open time for payment or running of credit; authority to ship under reservation.

Section
55-2-311

Options and cooperation respecting performance.

Section
55-2-312

Warranty of title and against infringement; buyer's obligation against infringement.

Section
55-2-313

Express warranties by affirmation, promise, description, sample.

Section
55-2-314

Implied warranty: merchantability; usage of trade.

Section
55-2-315

Implied warranty: fitness for particular purpose.

Section
55-2-316

Exclusion or modification of warranties.

Section
55-2-317

Cumulation and conflict of warranties express or implied.

Section
55-2-318

Third-party beneficiaries of warranties express or implied.

Section
55-2-319

F.O.B - and F.A.S. terms.

Section
55-2-320

C.I.F - and C.&F. terms.

Section
55-2-321

C.I.F - or C.&F.: "net landed weights"; "payment on arrival"; warranty of condition on arrival.

Section
55-2-322

Delivery "ex-ship".

Section
55-2-323

Form of bill of lading required on overseas shipment; "overseas".

Section
55-2-324

"No arrival, no sale" term.

Section
55-2-325

"Letter of credit" term; "confirmed credit.".

Section
55-2-326

Sale on approval and sale or return; rights of creditors.

Section
55-2-327

Special incidents of sale on approval and sale or return.

Section
55-2-328

Sale by auction.