Okla. Stat. tit. 12A, § 12A-2-105
This is the official text of Okla. Stat. tit. 12A, § 12A-2-105, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Definitions: Transferability; "Goods"; "Future" goods;
Official statutory text
"Lot"; "Commercial unit".
Definitions: Transferability; "Goods"; "Future" Goods; "Lot";
"Commercial Unit".
(1) "Goods" means all things (including specially manufactured
goods) which are movable at the time of identification to the
contract for sale other than the money in which the price is to be
paid, investment securities (Article 8) and things in action.
"Goods" also includes the unborn young of animals and growing crops
and other identified things attached to realty as described in the
section on goods to be severed from realty (Section 2-107) but does
not include information.
(2) Goods must be both existing and identified before any
interest in them can pass. Goods which are not both existing and
identified are "future" goods. A purported present sale of future
goods or of any interest therein operates as a contract to sell.
(3) There may be a sale of a part interest in existing
identified goods.
(4) An undivided share in an identified bulk of fungible goods
is sufficiently identified to be sold although the quantity of the
bulk is not determined. Any agreed proportion of such a bulk or any
quantity thereof agreed upon by number, weight or other measure may
to the extent of the seller's interest in the bulk be sold to the
buyer who then becomes an owner in common.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 188
(5) "Lot" means a parcel or a single article which is the
subject matter of a separate sale or delivery, whether or not it is
sufficient to perform the contract.
(6) "Commercial unit" means such a unit of goods as by
commercial usage is a single whole for purposes of sale and division
of which materially impairs its character or value on the market or
in use. A commercial unit may be a single article (as a machine) or
a set of articles (as a suite of furniture or an assortment of
sizes) or a quantity (as a bale, gross, or carload) or any other
unit treated in use or in the relevant market as a single whole.
Definitions: Transferability; "Goods"; "Future" Goods; "Lot";
"Commercial Unit".
(1) "Goods" means all things (including specially manufactured
goods) which are movable at the time of identification to the
contract for sale other than the money in which the price is to be
paid, investment securities (Article 8) and things in action.
"Goods" also includes the unborn young of animals and growing crops
and other identified things attached to realty as described in the
section on goods to be severed from realty (Section 2-107) but does
not include information.
(2) Goods must be both existing and identified before any
interest in them can pass. Goods which are not both existing and
identified are "future" goods. A purported present sale of future
goods or of any interest therein operates as a contract to sell.
(3) There may be a sale of a part interest in existing
identified goods.
(4) An undivided share in an identified bulk of fungible goods
is sufficiently identified to be sold although the quantity of the
bulk is not determined. Any agreed proportion of such a bulk or any
quantity thereof agreed upon by number, weight or other measure may
to the extent of the seller's interest in the bulk be sold to the
buyer who then becomes an owner in common.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 188
(5) "Lot" means a parcel or a single article which is the
subject matter of a separate sale or delivery, whether or not it is
sufficient to perform the contract.
(6) "Commercial unit" means such a unit of goods as by
commercial usage is a single whole for purposes of sale and division
of which materially impairs its character or value on the market or
in use. A commercial unit may be a single article (as a machine) or
a set of articles (as a suite of furniture or an assortment of
sizes) or a quantity (as a bale, gross, or carload) or any other
unit treated in use or in the relevant market as a single whole.
Status: in_force · Read it on the official government site
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