Identification of goods as goods to which a lease contract refers may be made at any time and in any manner explicitly agreed to by the parties. In the absence of explicit agreement, identification occurs: (a) when the lease contract is made if it is for goods that are existing and identified; (b) when the goods are shipped, marked, or otherwise designated by the lessor as goods to which the lease contract refers, if the lease contract is for goods that are not existing and identified; or (c) when the young are conceived, if the lease contract is for a lease of unborn young of animals. HISTORY: 2001 Act No. 67, Section 2.
South Carolina Legal Code