402.105 Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit”.
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/wi/chapter-402/402-105A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
402.105 Definitions: transferability; “goods”; “future” goods; “lot”; “commercial unit”.
(a)“Commercial unit” means such a unit of goods as by commercial usage is a single whole for purposes of sale and division of which materially impairs its character or value on the market or in use. A commercial unit may be a single article (as a machine) or a set of articles (as a suite of furniture or an assortment of sizes) or a quantity (as a bale, gross, or carload) or any other unit treated in use or in the relevant market as a single whole.
(b)Goods must be both existing and identified before any interest in them can pass. Goods which are not both existing and identified are “future” goods. A purported present sale of future goods or of any interest therein operates as a contract to sell.