§ 34.1-2-105 — Definitions: Transferability; "goods"; "future" goods; "lot"; "commercial unit"

Wyoming § 34.1-2-105

• Jurisdiction: Wyoming
• Title 34.1: Uniform Commercial Code
• Art. 2: SALES

Text

(a) "Goods" means all things (including specially
manufactured goods) which are movable at the time of
identification to the contract for sale other than the money in
which the price is to be paid, investment securities (article 8)
and things in action. "Goods" also includes the unborn young of
animals and growing crops and other identified things attached
to realty as described in the section on goods to be severed
from realty (section 34.1-2-107).
(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.
(c) There may be a sale of a part interest in existing
identified goods.
(d) An undivided share in an identified bulk of fungible
goods is sufficiently identified to be sold although the
quantity of the bulk is not determined. Any agreed proportion of
such a bulk or any quantity thereof agreed upon by number,
weight or other measure may to the extent of the seller's
interest in the bulk be sold to the buyer who then becomes an
owner in common.
(e) "Lot" means a parcel or a single article which is the
subject matter of a separate sale or delivery, whether or not it
is sufficient to perform the contract.
(f) "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.