Identification

  1. Law
  2. US Virgin Islands Code
  3. Uniform 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:

    • (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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