2018 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 2 - Sales
Section 55-2-701 - Remedies for breach of collateral contracts not impaired.
Remedies for breach of any obligation or promise collateral or ancillary to a contract for sale are not impaired by the provisions of this article.
History: 1953 Comp., § 50A-2-701, enacted by Laws 1961, ch. 96, § 2-701.
OFFICIAL COMMENTS
UCC Official Comments by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.
Prior uniform statutory provision. — None.
Purposes. — Whether a claim for breach of an obligation collateral to the contract for sale requires separate trial to avoid confusion of issues is beyond the scope of this article; but contractual arrangements which as a business matter enter vitally into the contract should be considered a part thereof insofar as cross-claims or defenses are concerned.
"Contract for sale". Section 2-106.
"Remedy". Section 1-201.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 67A Am. Jur. 2d Sales §§ 853 et seq., 986 et seq.
77A C.J.S. Sales § 325 et seq.
