Fungible goods¶
Fungible goods. Cornell Legal Information Institute.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Primes¶
- Fungibility
- The whole practical difference between cash and a deed, between a kilowatt-hour and a specific painting, between a CPU cycle and a particular employee's labor, lives at this property boundary.
This sourceDefines fungible goods as those of which any unit, by nature or usage of trade, is the equivalent of any other like unit (or treated as equivalent by agreement), grounding the legal distinction between fungible and non-fungible goods and their remedies.
Supported in partVerified against the work's full text
UCC 1-201 defines fungible goods as goods whose units are interchangeable; it does not tie fungibility to remedies such as specific performance versus damages.
“goods of which any unit, by nature or usage of trade, is the equivalent of any other like unit;”
- The whole practical difference between cash and a deed, between a kilowatt-hour and a specific painting, between a CPU cycle and a particular employee's labor, lives at this property boundary.
Verification¶
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Registry ID ref:0c9213268b86 · see in the full table