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Statutes > New-mexico > Chapter-55 > Article-2 > Section-55-2-103

55-2-103. Definitions and index of definitions.

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

(a) "buyer" means a person who buys or contracts to buy goods;

(b) [reserved];

(d) "seller" means a person who sells or contracts to sell goods.

(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.