Asked by
Katryna Smith
on Nov 30, 2024
Verified
Title to existing, identified goods can pass whenever the parties agree it will pass.
Identified Goods
Goods that are designated and agreed upon at the time a contract of sale is made.
Existing
Currently in place or in existence; something that is present or alive at the current moment.
Parties Agree
A mutual understanding or concurrence between two or more parties regarding the terms of a contract or agreement.
- Digest the key elements of title passage and exposure to loss as delineated in the Uniform Commercial Code.
- Identify the differences between present, future, and fungible items according to the UCC.
Verified Answer
MK
Learning Objectives
- Digest the key elements of title passage and exposure to loss as delineated in the Uniform Commercial Code.
- Identify the differences between present, future, and fungible items according to the UCC.