identification of goods

A process that enables a buyer to obtain an identifiable (and therefore insurable) interest in goods before taking possession from the seller.

• The goods are identified in any manner agreed to by the parties. UCC § 2-501. [Cases: Sales 199, 208. C.J.S. Sales §§ 214–215, 217, 223–224.]

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词条贡献者

法律翻译Jessie，在一家亚洲一流律师事务所的北京办公室担任全职法律翻译，擅长翻译有关港口、铁路、公路与海运的法律文件。