New Mexico Statutes Chapter 55. Uniform Commercial Code § 55-2-103. Definitions and index of definitions

(1) In this article, unless the context otherwise requires:

(2) Other definitions applying to this article, or to specified parts thereof, and the sections in which they appear are:

“acceptance”․․․․․․․․․․Section 55-2-606 NMSA 1978;

“banker's credit”․․․․․․․․․․Section 55-2-325 NMSA 1978;

“between merchants”․․․․․․․․․․Section 55-2-104 NMSA 1978;

“cancellation”․․․․․․․․․․Section 55-2-106 NMSA 1978;

“commercial unit”․․․․․․․․․․Section 55-2-105 NMSA 1978;

“confirmed credit”․․․․․․․․․․Section 55-2-325 NMSA 1978;

“conforming to contract”․․․․․․․․․․Section 55-2-106 NMSA 1978;

“contract for sale”․․․․․․․․․․Section 55-2-106 NMSA 1978;

“cover”․․․․․․․․․․Section 55-2-712 NMSA 1978;

“entrusting”․․․․․․․․․․Section 55-2-403 NMSA 1978;

“financing agency”․․․․․․․․․․Section 55-2-104 NMSA 1978;

“future goods”․․․․․․․․․․Section 55-2-105 NMSA 1978;

“goods”․․․․․․․․․․Section 55-2-105 NMSA 1978;

“identification”․․․․․․․․․․Section 55-2-501 NMSA 1978;

“installment contract”․․․․․․․․․․Section 55-2-612 NMSA 1978;

“letter of credit”․․․․․․․․․․Section 55-2-325 NMSA 1978;

“lot”․․․․․․․․․․Section 55-2-105 NMSA 1978;

“merchant”․․․․․․․․․․Section 55-2-104 NMSA 1978;

“overseas”․․․․․․․․․․Section 55-2-323 NMSA 1978;

“person in the position of a seller”․․․․․․․․․․Section 55-2-707 NMSA 1978;

“present sale”․․․․․․․․․․Section 55-2-106 NMSA 1978;

“sale”․․․․․․․․․․Section 55-2-106 NMSA 1978;

“sale on approval”․․․․․․․․․․Section 55-2-326 NMSA 1978;

“sale or return”․․․․․․․․․․Section 55-2-326 NMSA 1978; and

“termination”․․․․․․․․․․Section 55-2-106 NMSA 1978.

(3) “Control”, as provided in Section 55-7-106 NMSA 1978, and the following definitions in other articles apply to this article:

“check”․․․․․․․․․․Section 55-3-104 NMSA 1978;

“consignee”․․․․․․․․․․Section 55-7-102 NMSA 1978;

“consignor”․․․․․․․․․․Section 55-7-102 NMSA 1978;

“consumer goods”․․․․․․․․․․Section 55-9-102 NMSA 1978;

“dishonor”․․․․․․․․․․Section 55-3-502 NMSA 1978; and

“draft”․․․․․․․․․․Section 55-3-104 NMSA 1978.

(4) In addition, Chapter 55, Article 1 NMSA 1978 contains general definitions and principles of construction and interpretation applicable throughout this article.