Identification

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Leases
  5. Formation and Construction of Lease Contract
  6. Identification

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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:

  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.

(Code 1981, §11-2A-217, enacted by Ga. L. 1993, p. 633, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 2A-217.


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