Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 7 - Documents of Title, 55-7-101 through 55-7-807. > Section 55-7-509 - Adequate compliance with commercial contract.

Section 55-7-509 - Adequate compliance with commercial contract.

55-7-509. Adequate compliance with commercial contract.

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.