Which of the following is true regarding identification of the goods under Article 2?
A) Only the buyer can identify the goods.
B) Identification of existing goods gives the buyer a special property interest.
C) Fungible goods are identified when the seller separates the contracted units from the whole.
D) All of these are correct.

Question

Quizplus · Accepted Answer

Identification of existing goods gives the buyer a special property interest. This means that once the goods have been identified, the buyer has a right to those specific goods and they cannot be sold to another party. Only the seller can identify the goods, but once they have been identified, the buyer's property interest is established. Fungible goods, such as grains or oil, are not identified until the seller separates the contracted units from the whole, but this does not negate the fact that identification gives the buyer a special property interest. Therefore, A and C are not correct, and D is partially correct but not the best choice as B is the most accurate answer.

Which of the Following Is True Regarding Identification of the Goods