If a Contract Calls for a Lease of Specific and Ascertained

question 5

True/False

If a contract calls for a lease of specific and ascertained goods already in existence,identification takes place at the time the contract is made.

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Definitions:

Cope

In construction and metalworking, to shape the end of a beam or metal profile so that it fits the contours of another for a joining process.

Cheeks

Parts of an object or tool flanking other components, typically used in the context of machinery or the human face.

Rounded Corners

Corners that are shaped into a smooth, rounded angle to improve appearance, handling, or safety.

Malleable Iron

A type of cast iron that has been treated to improve its ductility and toughness, making it less brittle and more capable of being shaped or bent without breaking.