{"data":{"id":"us-nm/56-5-3","jurisdiction":"us-nm","citation":"56-5-3","heading":"Contracts not specifying time of performance; demand necessary.","body":"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.","path":["Chapter 56 - Commercial Instruments and Transactions","ARTICLE 5 Miscellaneous Provisions Relating to Commercial Instruments"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18559/index.do","current_through":"2024-04-26","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"f2a85804966b63a69812d3fc0a23935e480840a88ccf1e5384a10b99b4da83c5","source_id":"us-nm","stale":false,"prev":"us-nm/56-5-2","next":"us-nm/56-5-4"},"notice":"GroundRules: Original legal text. Not legal advice."}