§ 55-4-101 Short title
§ 55-4-102 Applicability
§ 55-4-103 Variation by agreement; measure of damages; action constituting ordinary care
§ 55-4-104 Definitions and index of definitions
§ 55-4-105 Definitions of types of banks
§ 55-4-106 Payable through or payable at bank; collecting bank
§ 55-4-107 Separate office of a bank
§ 55-4-108 Time of receipt of items
§ 55-4-109 Delays
§ 55-4-110 Electronic presentment
§ 55-4-111 Statute of limitations
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Terms Used In New Mexico Statutes > Chapter 55 > Article 4 > Part 1

  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC