Louisville Kentucky Notice by Seller of Identification of Goods to Sales Agreement
Category:
State:
Multi-State
City:
Louisville
Control #:
US-1311327BG
Format:
Word;
Rich Text
Instant download
Description
UCC Section 2-501 deals with the manner of identifying goods to the contract so that an insurable interest in the buyer and the rights set forth in UCC Section 2-503 will accrue. Generally speaking, identification may be made in any manner “explicitly agreed to” by the parties. The detailed rules set forth in UCC Section 2-501 apply only in the absence of such “explicit agreement.”
