§ 55-2-401 Passing of title; reservation for security; limited application of this section
§ 55-2-402 Rights of seller’s creditors against sold goods
§ 55-2-403 Power to transfer; good faith purchase of goods; “entrusting”
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Terms Used In New Mexico Statutes > Chapter 55 > Article 2 > Part 4

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • buyer: means a person who buys or contracts to buy goods. See New Mexico Statutes 55-2-103
  • Contract: A legal written agreement that becomes binding when signed.
  • Contract for sale: includes both a present sale of goods and a contract to sell goods at a future time. See New Mexico Statutes 55-2-106
  • Conviction: A judgement of guilt against a criminal defendant.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Fraud: Intentional deception resulting in injury to another.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • seller: means a person who sells or contracts to sell goods. See New Mexico Statutes 55-2-103