§ 55-7-501 Form of negotiation and requirements of due negotiation
§ 55-7-502 Rights acquired by due negotiation
§ 55-7-503 Document of title to goods defeated in certain cases
§ 55-7-504 Rights acquired in absence of due negotiation; effect of diversion; stoppage of delivery
§ 55-7-505 Indorser not guarantor for other parties
§ 55-7-506 Delivery without indorsement; right to compel indorsement
§ 55-7-507 Warranties on negotiation or delivery of document of title
§ 55-7-508 Warranties of collecting bank as to documents of title
§ 55-7-509 Adequate compliance with commercial contract

Terms Used In New Mexico Statutes > Chapter 55 > Article 7 > Part 5

  • Contract: A legal written agreement that becomes binding when signed.
  • Fraud: Intentional deception resulting in injury to another.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • 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.
  • Statute: A law passed by a legislature.
  • 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