If an owner holds fungible goods as an owner in common, he or she can pass title without actually separating the goods.

Question

Quizplus · Accepted Answer

Fungible goods are goods that are interchangeable with other goods of the same type, such as money or grain. When held as an owner in common, each owner has an undivided interest in the goods, but there is no need to physically separate the goods to pass title. Instead, the owners simply transfer their interests in the goods to others, who then become co-owners with the remaining owners.

If an Owner Holds Fungible Goods as an Owner in Common