Examples of Fungible goods in a sentence
For illustrations of the principles of this subdivision, see paragraph (a)(3)(iv) of§ 1.954–3.(b) Fungible goods.
The revision adds the term “default” to the definition.• Fungible goods: This definition is reorganized and references to securities are deleted to reflect other portions of the UCC that no longer use the term “fungible” to describe securities.• Good faith: Currently, this term is defined as honesty in fact in the conduct or transaction concerned.
Fungible goods are adequately identified within the language of the definition by identification of the mass of which they are a part.
Fungible goods" means goods or securities of which any unit is, by nature or usage of trade, the equivalent of any other like unit.
Fungible goods also cannot be described in such detail and are de facto excluded from the present secured financing system.