GroundRules
56-5-3: Contracts not specifying time of performance; demand necessary.
Where this section sits in the code
- Chapter 56 - Commercial Instruments and Transactions
- ARTICLE 5 Miscellaneous Provisions Relating to Commercial Instruments
Except as provided in the Uniform Commercial Code [Chapter 55, NMSA 1978], no contract for labor, or for the payment or delivery of property in which the time of performance is not fixed, can be converted into a money demand until a demand of performance has been made and the maker refuses or a reasonable time is allowed for performance.
Collected 2026-09-03T15:02:20Z. Source file · JSON