Asked by Ma Michelle Sison on Jun 26, 2024
Verified
Identification is not significant for the buyer or lessee.
Identification
In a sale of goods, the express designation of the specific goods provided for in the contract.
Buyer
An individual or entity that acquires goods or services in exchange for money.
Lessee
A person who pays for the use or possession of another’s property.
- Understand the significance of identification in a sales or lease contract.
Verified Answer
BP
Benjamin PullenJun 26, 2024
Final Answer :
False
Explanation :
Identification is significant for the buyer or lessee because it determines when the risk of loss passes from the seller or lessor to the buyer or lessee, and it establishes the exact goods subject to the contract.
Learning Objectives
- Understand the significance of identification in a sales or lease contract.