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 the unborn
young of animals.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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