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

Question

Quizplus · Accepted Answer

Fungible goods are goods that are interchangeable or replaceable with identical goods. As tenants in common, each owner has an undivided interest in the entire property, and title can be passed on without physically separating the goods. Therefore, the statement is true.

If an Owner Holds Fungible Goods as a Tenant in Common