New Mexico § 55-2-511 Tender of payment by buyer; payment by check

New Mexico Statutes

§ 55-2-511 — Tender of payment by buyer; payment by check

New Mexico § 55-2-511

Ch. 55Uniform Commercial Code

Art. 2Sales

This text of New Mexico § 55-2-511 (Tender of payment by buyer; payment by check) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 55-2-511 (2026).

Text

(1)Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery.

(2)Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business unless the seller demands payment in legal tender and gives any extension of time necessary to procure it.

(3)Subject to provisions of the Uniform Commercial Code on the effect of an instrument on an obligation (Section 55-3-310 NMSA 1978), payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment.

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(1) Unless otherwise agreed tender of payment is a condition to the seller's duty to tender and complete any delivery. (2) Tender of payment is sufficient when made by any means or in any manner current in the ordinary course of business unless the seller demands payment in legal tender and gives any extension of time necessary to procure it. (3) Subject to provisions of the Uniform Commercial Code on the effect of an instrument on an obligation (Section 55-3-310 NMSA 1978), payment by check is conditional and is defeated as between the parties by dishonor of the check on due presentment.