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If a Sale Involves Crops That Are to Be Harvested

question 37

True/False

If a sale involves crops that are to be harvested within twelve months, identification takes place when the crops are harvested.


Definitions:

True Title

The legitimate ownership of property or assets, free of liens or disputes, legally recognized and vested in an entity or individual.

Mirror-Image Rule

is a principle in contract law stating that an offer must be accepted exactly without modifications; any changes constitute a counteroffer.

Uniform Commercial Code

A thorough aggregation of legal provisions steering all commercial operations throughout the United States.

Common Law

A legal system based on precedents and judicial decisions rather than statutory laws.

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