Nevada § 104.2105 - Definitions: Transferability; “goods”; “future” goods; “lot”; “commercial unit”

§ 104.2105. 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 ( NRS 104.2107 ). 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. 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.