Alaskan salmon that fill the hold of Bill and Carla's fishing boat are fungible if the salmon are
A) alike naturally or by agreement or trade usage.
B) fundamentally different.
C) fun, good, and edible.
D) liable to deteriorate over time.

Question

Quizplus · Accepted Answer

Fungible goods are interchangeable and have the same value. Alaskan salmon that are caught from the same area and have similar characteristics (e.g. species, size, quality) would be considered alike and interchangeable, making them fungible.

Alaskan Salmon That Fill the Hold of Bill and Carla's