Barley that fills Cultivator Co-op's silo is fungible if the grain is
A)alike naturally, by agreement, or by trade usage.
B)fundamentally different.
C)good, edible, and marketable.
D)rotting due to a fungus caused by a leaky roof and a delay in shipping.

Question

Quizplus · Accepted Answer

Fungibility refers to the property of a good or a commodity whose individual units are essentially interchangeable. For barley to be considered fungible, it must be alike naturally, by agreement, or by trade usage, meaning any unit of barley can replace another unit without any loss of value or utility. This is what makes it possible for such goods to be traded or exchanged easily.

Barley That Fills Cultivator Co-Op's Silo Is Fungible If the Grain