What does "specifically identified goods" mean in the UCC?

Prepare for the Texas Commercial Rules Test. Review with flashcards and multiple choice questions, each offering hints and detailed explanations. Ensure success on your exam!

"Specifically identified goods" refers to goods that are designated to fulfill a particular contract at the moment the contract is formed. This concept is fundamental in the context of the Uniform Commercial Code (UCC) because it establishes a clear understanding of which specific items are being sold, thereby providing certainty for both parties involved in the transaction.

When goods are specifically identified, they are often marked, set apart, or otherwise specifically designated as the ones being sold. This identification can occur through various means, such as physically tagging the items, using serial numbers, or simply defining them in the contract itself. The importance of this identification lies in its implications for risk of loss, delivery obligations, and the rights of the parties.

In contrast, the other options do not accurately reflect the definition of "specifically identified goods." Goods that are readily available for any buyer focus on availability rather than specific designation. Goods with flexible delivery timelines do not address the critical aspect of identification within the contract. Lastly, while manufactured-to-order goods may be identified at the time of contract formation, not all specifically identified goods are necessarily manufactured to order, as they can also consist of items that are already in existence at the time of contract formation. Therefore, the correct understanding of "specifically

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy