A seller and buyer have just agreed that the buyer will purchase 1,000 of the widgets from the thousands that the seller has in its warehouse.The buyer will pick them up at the seller's warehouse.The day before the buyer is to pick them up,the seller's employee sets the 1,000 widgets aside.What is the significance of setting the buyer's widgets aside?
A) It shifts the risk of loss to the buyer.
B) It constitutes identification.
C) It terminates the buyer's ability to revoke its offer.
D) It fully discharges the seller's duties under the contract.
E) The seller has an obligation to insure the goods against destruction or loss.

Question

Quizplus · Accepted Answer

By setting the 1,000 widgets aside for the buyer, it constitutes identification. This means that the specific goods that the buyer has agreed to purchase have been identified and set aside from the general inventory, which is a crucial step in transferring ownership of the goods to the buyer.

A Seller and Buyer Have Just Agreed That the Buyer