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Section 55-2-701 - Remedies for breach of collateral contracts not impaired — New Mexico Law | CourtGPT
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New Mexico Legal Code

Section 55-2-701 - Remedies for breach of collateral contracts not impaired

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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. ANNOTATIONSAm. 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.