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§12A-2-401.


§12A-2-401.
   
   Each provision of this article with regard to the rights, obligations
   and remedies of the seller, the buyer, purchasers or other third
   parties applies irrespective of title to the goods except where the
   provision refers to such title. Insofar as situations are not covered
   by the other provisions of this article and matters concerning title
   become material the following rules apply:
   
   (1) Title to goods cannot pass under a contract for sale prior to
   their identification to the contract (Section 2-501), and unless
   otherwise explicitly agreed the buyer acquires by their identification
   a special property as limited by this act. Any retention or
   reservation by the seller of the title (property) in goods shipped or
   delivered to the buyer is limited in effect to a reservation of a
   security interest. Subject to these provisions and to the provisions
   of the article on Secured Transactions (Article 9), title to goods
   passes from the seller to the buyer in any manner and on any
   conditions explicitly agreed on by the parties.
   
   (2) Unless otherwise explicitly agreed title passes to the buyer at
   the time and place at which the seller completes his performance with
   reference to the physical delivery of the goods, despite any
   reservation of a security interest and even though a document of title
   is to be delivered at a different time or place; and in particular and
   despite any reservation of a security interest by the bill of lading
   
   (a) if the contract requires or authorizes the seller to send the
   goods to the buyer but does not require him to deliver them at
   destination, title passes to the buyer at the time and place of
   shipment; but
   
   (b) if the contract requires delivery at destination, title passes on
   tender there.
   
   (3) Unless otherwise explicitly agreed where delivery is to be made
   without moving the goods,
   
   (a) if the seller is to deliver a document of title, title passes at
   the time when and the place where he delivers such documents; or
   
   (b) if the goods are at the time of contracting already identified and
   no documents are to be delivered, title passes at the time and place
   of contracting.
   
   (4) A rejection or other refusal by the buyer to receive or retain the
   goods, whether or not justified, or a justified revocation of
   acceptance revests title to the goods in the seller. Such revesting
   occurs by operation of law and is not a "sale".
   

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