New Mexico § 55-2-704 Seller's right to identify goods to the contract

New Mexico Statutes

§ 55-2-704 — Seller's right to identify goods to the contract

New Mexico § 55-2-704

Ch. 55Uniform Commercial Code

Art. 2Sales

This text of New Mexico § 55-2-704 (Seller's right to identify goods to the contract) 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. § 55-2-704 (2026).

Text

notwithstanding breach or to salvage unfinished goods.

(1)An aggrieved seller under the preceding section [55-2-703 NMSA 1978] may:

(a)identify to the contract conforming goods not already identified if at the time he learned of the breach they are in his possession or control;

(b)treat as the subject of resale goods which have demonstrably been intended for the particular contract even though those goods are unfinished.

(2)Where the goods are unfinished, an aggrieved seller may in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of effective realization either complete the manufacture and wholly identify the goods to the contract or cease manufacture and resell for scrap or salvage value or proceed in any other reasonable manner.

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notwithstanding breach or to salvage unfinished goods. (1) An aggrieved seller under the preceding section [55-2-703 NMSA 1978] may: (a) identify to the contract conforming goods not already identified if at the time he learned of the breach they are in his possession or control; (b) treat as the subject of resale goods which have demonstrably been intended for the particular contract even though those goods are unfinished. (2) Where the goods are unfinished, an aggrieved seller may in the exercise of reasonable commercial judgment for the purposes of avoiding loss and of effective realization either complete the manufacture and wholly identify the goods to the contract or cease manufacture and resell for scrap or salvage value or proceed in any other reasonable manner.