New Mexico Statutes 13-1-50. Definition; definite quantity contract
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“Definite quantity contract” means a contract which requires the contractor to furnish a specified quantity of services, items of tangible personal property or construction at or within a specified time.
Terms Used In New Mexico Statutes 13-1-50
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: All property that is not real property.