New Mexico Statutes 39-2-4. [Actions ex contractu; recovery of principal amount below jurisdiction of court.]
Current as of: 2023 | Check for updates
|
Other versions
In all actions founded on debt or other contract, if the plaintiff recover an amount which, exclusive of interest, is below the jurisdiction of the court, he shall recover judgment therein, but the costs shall be adjudged against him unless the plaintiff’s claim, as established on the trial, shall be reduced by offsets below the jurisdiction of the court.
Terms Used In New Mexico Statutes 39-2-4
- Contract: A legal written agreement that becomes binding when signed.
- 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.
- Plaintiff: The person who files the complaint in a civil lawsuit.
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.