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 right.
C) Identification of fungible goods occurs when the seller separates the contracted units from the whole.
D) Only the seller can identify the goods.

Question

Quizplus · Accepted Answer

Identification of existing goods gives the buyer a special property right, which is a key concept under Article 2 of the UCC, allowing the buyer to have an insurable interest in the goods.

Which of the Following Is True Regarding Identification of the Goods