Every contract or duty within the Uniform Commercial Code [55-1-101 NMSA 1978] imposes an obligation of good faith in its performance and enforcement. History: 1953 Comp., § 50A-1-203, enacted by Laws 1961, ch. 96, § 1-203 1978 Comp. §55-1-205; recompiled by compiler as 1978 Comp. § 55-1-304; Laws 2005, ch. 144, § 18.
Obligation of good faith
NMSA 1978, § 55-1-304, under Article 1.
NMSA 1978, § 55-1-304