Fungible vs. Infungible Assets
Classified in Law & Jurisprudence
Written on in English with a size of 3.05 KB
Fungible and Infungible Assets Explained
ITEM 19 Expendable and Expendable INFUNGIBLE ASSETS are those that can be replaced by other homogeneous assets equivalent to each other and covered by their characteristics or generic qualities. Example: money, a book.
Infungible goods are those that are identified in any legal relationship taking into account their own characteristics, which need not occur in the remaining assets of the category. Example: a book dedicated by the author or a particular box.
YOUR MONEY AS WELL AS CONSUMABLES is a unit of measure of value that is given to things in the market. The importance of money is not in its consideration as a thing, but for being a medium of exchange and payment. Money is a material thing, currency... Continue reading "Fungible vs. Infungible Assets" »