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Like most states, New Mexico sets time limits for prosecutors to begin a criminal case against a suspect. These time limits?called statutes of limitations?can put an end to the case even if a defendant is guilty.
A judgment obtained through a common law action on a prior judgment or through any other means of revival of a prior judgment shall not be enforceable after fourteen years from the date of the original judgment upon which it is founded.
In New Mexico, you have 3 years to file a personal injury claim and 4 years to file a property damage claim. The clock on these time limits starts from the time you sustained your injury or when a reasonable person would have discovered the injury or property damage.
In New Mexico, the state's civil statute of limitations is three years for personal injury or defamation and four years for injury to personal property and most other civil claims.
If you entered into a contract and there is a dispute, you or the other party can file a lawsuit to have the contract enforced or to get money for any losses. You may be able to settle the dispute with the other party if you can both agree on what to do about the breach.
(1) An action for breach of any contract for sale must be commenced within four years after the cause of action has accrued. By the original agreement the parties may reduce the period of limitation to not less than one year but may not extend it.
In most courts, monetary damage awards are the most common remedy for contractual breaches, as specific performance and other equitable remedies may not fall within the jurisdiction of those courts.