12A:2A-217. Identification
116 words·~1 min read·
/nj/title-12a/chapter-2a/12a-2a-217A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
L.1994,c.114,s.1.