70A-2a-217 - Identification.
70A-2a-217. Identification.
Identification of goods as goods to which a lease contract refers may be made at any timeand 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 areexisting and identified;
(2) when the goods are shipped, marked, or otherwise designated by the lessor as goodsto which the lease contract refers if the lease contract is for a lease of goods that are not existingand identified; or
(3) when the young are conceived if the lease contract is for a lease of unborn young ofanimals.
Enacted by Chapter 197, 1990 General Session