Identification is not significant for the buyer or lessee because it does not impact their ability to insure the goods.
Correct Answer:
Verified
Q4: Identification is the express designation of the
Q7: Generally, all contracts are assumed to be
Q11: The UCC's provisions relating to passage of
Q12: Title can pass to the buyer from
Q12: A bill of lading is a receipt
Q14: When no documents of title are required,
Q15: Goods that are not both existing and
Q15: Under the UCC, the buyer and the
Q16: Risk of loss cannot pass from seller
Q20: If the contract calls for the sale
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