N.M. Stat. § 55-2-703

Seller's remedies in general.

Last amended: 1961Year: 2026Length: 139 wordsSubsections: 6Official source
Where the buyer wrongfully rejects or revokes acceptance of goods or fails to make a payment due on or before delivery or repudiates with respect to a part or the whole, then with respect to any goods directly affected and, if the breach is of the whole contract (Section 2-612 [55-2-612 NMSA 1978]), then also with respect to the whole undelivered balance, the aggrieved seller may: (a) withhold delivery of such goods; (b) stop delivery by any bailee as hereafter provided (Section 2-705 [55-2-705 NMSA 1978]); (c) proceed under the next section [55-2-704 NMSA 1978] respecting goods still unidentified to the contract; (d) resell and recover damages as hereafter provided (Section 2-706 [55-2-706 NMSA 1978]); (e) recover damages for nonacceptance (Section 2-708 [55-2-708 NMSA 1978]) or in a proper case the price (Section 2-709 [55-2-709 NMSA 1978]); (f) cancel.
N.M. Stat. § 55-2-703: Seller's remedies in general. | Justis AI