§ 57-11-1 [Agreements restricting financing of sales to certain persons prohibited.]
§ 57-11-2 [Threat of refusal to sell unless sales financed by certain persons; prima facie evidence of violation.]
§ 57-11-3 [Threat to terminate contract unless sales financed by certain persons; prima facie evidence of violation.]
§ 57-11-4 [Payments to eliminate competition or create monopoly in financing sales prohibited.]
§ 57-11-5 [Acceptance by persons engaged in financing sales of payments tending to eliminate competition prohibited.]
§ 57-11-6 [Violators of 57-11-5 NMSA 1978 forbidden to carry on business.]
§ 57-11-7 [Suits or proceedings against violators of act.]
§ 57-11-8 [Foreign corporations as violators of act; revocation of license to do business in state.]
§ 57-11-9 [Penalties.]
§ 57-11-10 [Contract in violation of act void.]
§ 57-11-11 [Provisions of act cumulative.]
§ 57-11-12 [Action for damages by violation of act.]
§ 57-11-13 [Definitions.]
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Terms Used In New Mexico Statutes > Chapter 57 > Article 11 - Financing of Automobile Sales

  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Trustee: A person or institution holding and administering property in trust.