If a contract calls for a lease of specific and ascertained goods already in existence,identification takes place at the time the contract is made.

Name: If a contract calls for a lease of specific and ascertained goods already in existence,identification takes place at the time the contract is made.
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This is the definition of a specific goods contract according to the Sale of Goods Act. Identification occurs at the time the contract is made because the goods are already specified and in existence.

If a Contract Calls for a Lease of Specific and Ascertained