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

Question

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

Quizplus · Accepted Answer

Fungible means that the barley is interchangeable and of the same quality regardless of its source. If the barley is alike naturally, by agreement, or by trade usage, it is considered fungible. Therefore, option A is correct. Option B is incorrect because if the barley is fundamentally different, then it is not fungible. Option C is incorrect because fun, good, and edible are not related to the concept of fungibility. Option D is incorrect because rotting due to a leaky roof and a delay in shipping means that the barley is not in good condition and therefore not fungible.

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