IDENTIFICATION OF GOODS

identification of goods.A process that enables a buyer to obtain an identifiable (and therefore insurable) interest in goods before taking possession from the seller. • The goods are identified in any manner agreed to by the parties. UCC § 2-501. [Cases: Sales 199, 208. C.J.S. Sales §§ 214–215, 217, 223–224.]

[Blacks Law 8th]