New Hampshire Agreement for Sale of Growing Crops After Severed from Realty

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Multi-State
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US-03285BG
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Word; 
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Description

The Uniform Commercial Code (UCC) has been adopted in whole or in part by the legislatures of all 50 states.


Section 2-107 classifies items to be severed from realty and growing crops, or timber to be cut, in terms of whether the items constitute goods that may be made the subject of a sale and whether a transaction concerning them is a sale before severance. The section provides that certain attached and embedded things are "goods" when they are to be severed by the seller. This category consists of minerals in the ground, including oil and gas, and structures on land. Also treated as goods are: (1) standing timber; (2) growing crops; and (3) any other thing attached to land, provided it can be removed without causing material harm to the land.


This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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  • Preview Agreement for Sale of Growing Crops After Severed from Realty
  • Preview Agreement for Sale of Growing Crops After Severed from Realty
  • Preview Agreement for Sale of Growing Crops After Severed from Realty
  • Preview Agreement for Sale of Growing Crops After Severed from Realty
  • Preview Agreement for Sale of Growing Crops After Severed from Realty

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FAQ

In the absence of an express or fixed time established by the parties to an agreement or contract (especially one that falls under the purview of the UNIFORM COMMERCIAL CODE UCC), any time which is not manifestly unreasonable under the circumstances.

A house certainly is a Good, but the sale of a house involves the sale of land. Under the U.C.C., any transaction involving the transfer of land is covered by Article 9 of the code.

What Is UCC Article 2? Transactions between non-merchants aren't covered. The reason for this is that merchants are deemed to have special knowledge in their business practice; ordinary citizens don't usually have such knowledge and therefore UCC standards don't apply to them.

"Contract for sale" includes both a present sale of goods and a contract to sell goods at a future time. A "sale" consists in the passing of title from the seller to the buyer for a price (Section 2-401). A "present sale" means a sale which is accomplished by the making of the contract.

Article 2 of the UCC governs the sale of goods, which is defined by §2-105 and includes things that are moveable, but not money or securities. It does not include land or houses. Contracts between merchants are also governed by article 2 of the UCC.

Article 2 applies to contracts for the sale of goods. 2 Goods are things that can be identified when the contract is formed and can be moved. 3 Pens, boats, computers, cars and animals are all goods. In contrast, real estate, services, and intangibles (such as intellectual property) are not goods.

2 Sales: UCC Article 2 applies to transactions of goods; it does not apply to any transaction which although in the form of an unconditional contract to sell or present sale is intended to operate only as a security transaction nor does this Article impair or repeal any statute regulating sales to consumers, farmers or

UCC § 2105 defines goods as follows: (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.

Article 2 Applies to Transactions of 'Goods' In other words, it applies to transactions involving most things that are moveable. This includes sales of electronics, large- pieces equipmentrigs, pumps, and compressors, aircrafts, engines, food products, crops, and hydrocarbons.

Goods, therefore, are tangible personal property which are 'movable' at the time of identification to the contract for sale. Note that when money is used as a payment mechanism, it is excluded from the definition of goods. If however, money is being sold as a commodity, it will come within the definition of goods.

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New Hampshire Agreement for Sale of Growing Crops After Severed from Realty