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In Real Estate Auction Sales, a Description of Property Sufficiently Meets the Statute of Frauds Requirements if the Description Applies to one Parcel of Property Owned By The Seller
In Robinson v. Black, 73 N.M. 116 (N.M. 1963), the Supreme Court of New Mexico was to decide if the written memoranda in this case sufficiently described the real estate to satisfy the Statute of Frauds. The case involved a real estate auction in which the purchaser repudiated the sale and pleaded statute of frauds. The Appellant seller brought a suit against the purchaser for breach of real estat...
When Sale of Auction Lot Final New Mexico
New Mexico Statutes Annotated Chapter 55. Uniform Commercial Code (Refs & Annos) Article 2. Sales Part 3. General Obligation and Construction of Contract § 55-2-328. Sale by auction (1) In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. (2) A sale by auction is complete when the auctioneer so announces by the fall of the hammer or in o...
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