If a contract calls for a lease of specific and ascertained goods that are al?ready in existence,identification takes place at the time payment is made.

Name: If a contract calls for a lease of specific and ascertained goods that are al?ready in existence,identification takes place at the time payment is made.
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Identification of specific and ascertained goods in a lease contract typically occurs at the time the contract is made, not when payment is made.

If a Contract Calls for a Lease of Specific and Ascertained