New Mexico Statutes 55-2-707. “Person in the position of a seller.”
Current as of: 2023 | Check for updates
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(1) A “person in the position of a seller” includes as against a principal an agent who has paid or become responsible for the price of goods on behalf of his principal or anyone who otherwise holds a security interest or other right in goods similar to that of a seller.
Terms Used In New Mexico Statutes 55-2-707
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- seller: means a person who sells or contracts to sell goods. See New Mexico Statutes 55-2-103
(2) A person in the position of a seller may as provided in this article withhold or stop delivery (Section 2-705 [55-2-705 N.M. Stat. Ann.]) and resell (Section 2-706 [55-2-706 N.M. Stat. Ann.]) and recover incidental damages (Section 2-710 [55-2-710 N.M. Stat. Ann.]).