N.M. Stat. § 55-2-707

Current through 2024, ch. 69
Section 55-2-707 - "Person in the position of a seller."
(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.
(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 NMSA 1978]) and resell (Section 2-706 [55-2-706 NMSA 1978]) and recover incidental damages (Section 2-710 [55-2-710 NMSA 1978]).

NMS § 55-2-707

1953 Comp., § 50A-2-707, enacted by Laws 1961, ch. 96, § 2-707.