According to the Uniform Commercial Code,if goods are identified at the time the parties enter into a contract and the goods are destroyed through no fault of the parties before risk passes to the buyer or lessee,the parties are excused from performance.

Uniform Commercial Code

A comprehensive set of laws governing all commercial transactions in the United States, intended to standardize laws across the states.

Identified

Recognized or distinguished as being a particular entity or belonging to a specific category or group.

Excused

Released from a duty or obligation, often because of a specific reason or circumstance that justifies the exemption.