Fungible vs. Infungible Assets

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 or currencies, of a fungible nature, and therefore interchangeable in legal relations. In exceptional cases we can find that it is not fungible. Example: When it has collector's value or is evidence at trial.

The Concept of 'Fruit'

CONCEPT: all product performance or creates anything without losing your own individuality and substance. We can talk about real (or things) and not successful fruitful.

• The fruits belong to the owner of the main thing.
• The Code regulates the fruits of Title II, Book II "property" devoted to the classification of goods.

Classification of Fruits

The code does not define the word FRUIT, only a classification and points belonging to the owner of these fruits of the thing successful.

Art. 354 CC states that the fruits can be:

• Natural fruits: spontaneous productions of the earth, and calves and other animal products.
• Industrial fruit: farms that produce the benefit of any crop species or work, involving human labor.
• Civil fruits: rental of buildings, the rental price of land and the amount of income in perpetuity, annuity or similar.

The doctrine criticized this classification:

1. The distinction between natural and industrial fruits is relatively inconsequential.
2. It is not necessary to make divisions between natural and civil fruits, as the legal regime of the two is the same.

Inconsumable and Consumable Goods

INCOSUMIBLES AND consumable goods are things supplies which, used for its intended purpose, they disappear from the legal rights of the person using them. Whether because doing so would deplete or destroy, or because availability is lost on them, but physically remain integrated. So are the rest inedible. Example: gasoline supply is not.

The survival in the proper sphere of the person of inedible goods assumes that these assets can be given to others under any legal relationship. Example: a loan.

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