Alabama § 7-2A-217 Identification

Alabama Statutes

§ 7-2A-217 — Identification

Alabama·Title 7 Commercial Code·Art. 2A Leases·Part 2 Formation and Construction of Lease Contract

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:

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

(b)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

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

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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:
(a) when the lease contract is made if the lease contract is for a lease of goods that are existing and identified;
(b) 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
(c) when the young are conceived, if the lease contract is for a lease of unborn young of animals.

Alabama § 7-2A-217 (Identification) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.