{"data":{"id":"us-nm/55-7-509","jurisdiction":"us-nm","citation":"55-7-509","heading":"Adequate compliance with commercial contract.","body":"Whether a document of title is adequate to fulfill the obligations of a contract for sale, a contract for lease or the conditions of a letter of credit is determined by Article 2, 2A or 5 of the Uniform Commercial Code.\nOFFICIAL COMMENTS\nUCC Official Comments © by ALI \u0026 the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.\nPrior Uniform Statutory Provision. - Former Section 7-509 [55-7-509 NMSA 1978].\nChanges. - To reference Article 2A.\nTo cross-refer to the Articles of this Act which deal with the substantive issues of the type of document of title required under the contract entered into by the parties.\nCross References. - Articles 2, 2A and 5.\n\"Contract for sale\". Section 2-106 [55-2-106 NMSA 1978].\n\"Document of title\". Section 1-201 [55-1-201 NMSA 1978].\n\"Lease\". Section 2A-103 [55-2A-103 NMSA 1978].","path":["Chapter 55 - Uniform Commercial Code","ARTICLE 7 Documents of Title"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18558/index.do","current_through":"2024-04-27","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"2f9be1c76996c0863e9e7c9dd6d5d5b21e6d75383520942e45bee1f595bc9a5a","source_id":"us-nm","stale":false,"prev":"us-nm/55-7-508","next":"us-nm/55-7-601"},"notice":"GroundRules: Original legal text. Not legal advice."}