State Codes and Statutes

Statutes > New-jersey > Title-12a > Section-12a-2a > 12a-2a-217

12A:2A-217.    Identification    12A:2A-217.  Identification.

 

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. 

L.1994,c.114,s.1.