FIRST NAT. BANK IN ALBUQUERQUE v. Chase

OPINION

FROST, Justice.

Plaintiff-Appellant, First National Bank in Albuquerque (“First National”), appeals from the district court’s order dismissing its action as barred under the statute of limitations set out in NMSA 1978, Section 55-2-725 (Repl.Pamp.1993). First National sought to collect the balance remaining on an automobile installment purchase agreement after the automobile had been repossessed and sold. The district court held that the four-year statute of limitations on contracts for the sale of goods governed First National’s claim. We affirm.

FACTS

On April 3,1986,…