Legislation

Search OpenLegislation Statutes

previous
  • SECTION 2-A-216
    Third-Party Beneficiaries of Express or Implied Warranties
    • up
  • PART 2
    Formation and Construction of Lease Contract
    • next
  • SECTION 2-A-218
    Insurance and Proceeds
    • This entry was published on 2014-09-22
    NOTE: The selection dates indicate all change milestones for the entire volume, not just the location being viewed. Specifying a milestone date will retrieve the most recent version of the location before that date.

    SECTION 2-A-217

    Identification

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 2-A, PART 2

    Section 2-A-217. Identification.

    Identification of goods as goods to which a lease contract refers may
    be made at any time and in any manner explicitly agreed to by the
    parties. In the absence of explicit agreement, identification occurs:

    (1) when the lease contract is made if the lease contract is for a
    lease of goods that are existing and identified;

    (2) when the goods are shipped, marked, or otherwise designated by the
    lessor as goods to which the lease contract refers, if the lease
    contract is for a lease of goods that are not existing and identified;
    or

    (3) when the young are conceived, if the lease contract is for a lease
    of unborn young of animals.