Corn that fills County Grain Co-op's silo is fungible if the corn is

Question

Quizplus · Accepted Answer

Fungible refers to a commodity that is interchangeable or replaceable with another of the same kind. Corn that fills County Grain Co-op's silo would be considered fungible if it is alike naturally, by agreement, or by trade usage. This means that it can be easily exchanged, as one batch of corn is just as good as another. Option B is incorrect because if the corn was fundamentally different, it would not be fungible. Option C is incorrect because while the corn may be fun and good, it is not relevant to its fungibility. Option D is incorrect because, in this case, the corn is not interchangeable or replaceable, and therefore not fungible.

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