Connecticut General Statutes 42a-2A-304 – Identification
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Identification of existing goods as goods to which a lease contract refers may be made at any time and in any manner expressly agreed to by the parties. In the absence of express agreement, identification occurs:
Terms Used In Connecticut General Statutes 42a-2A-304
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(1) If the contract is for the lease of already existing and designated goods, when the lease contract is made;
(2) If the contract is for the lease of future goods other than those described in subdivision (3) of this section, 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) If the lease contract is for a lease of unborn young of animals, when the young are conceived.