Fungibles - Law Dictionary Search Results
Home Dictionary Name: fungiblesfungible
fungible [New Latin fungibilis, from Latin fungi to perform] : being something (as money or a commodity) one part or quantity of which can be substituted for another of equal value in paying a debt or settling an account [oil, wheat, and lumber are commodities] n : something that is fungible ...
fungible goods
fungible goods see good ...
Fungibles
Things which may be furnished or restored in kind as distinguished from specific things called also fungible things...
Promutuum
Promutuum, a quasi-contract, by which he who receives a certain sum of money, or a certain quantity of fungible things, delivered to him through mistake contracts the obligation of restoring as much.It resembles the contract of mutuum: (1) That in both a sum of money or some fungible things are required. (2) That in both there must be a transfer of the property in the thing. (3) That in both there must be returned the same amount or quantity of the thing received, Civ. Law....
compensation
compensation 1 : the act of compensating 2 in the civil law of Louisiana : the ending of mutual obligations between two people for money or quantities of fungible things usually by operation of law but sometimes by an agreement 3 : something that makes up for a loss [received for the breach of contract] ;specif : payment to unemployed or injured workers or their dependents see also unemployment compensation, workers' compensation 4 : payment for a thing of value tendered or a service rendered [the Senators and Representatives shall receive for their services "U.S. Constitution art. I"] ...
good
good bet·ter best 1 : commercially sound or reliable [a risk] 2 a : valid or effectual under the law b : free of defects 3 a : characterized by honesty and fairness b : conforming to a standard of virtue [shall hold their offices during behavior "U.S. Constitution art. III"] ;also : characterized by or relating to good behavior n 1 : advancement of prosperity and well-being [for the of the community] 2 : an item of tangible movable personal property having value but usually excluding money, securities, and negotiable instruments usually used in pl. : as a pl : all things under section 2-105 of the Uniform Commercial Code that are movable at the time of identification to the contract for sale other than the money that is to be paid, investment securities, and choses in action b pl : all things under section 9-104 of the Uniform Commercial Code that are movable at the time that a security interest in them attaches or that are fixtures but excluding money, documents,...
Heirship movables
Heirship movables, those things which the law withholds from the executors and next of kin, and gives to the heir, that he may not succeed to a house and lands completely dismantled. They consist of the best of everything-furniture, horses, cows, oxen, farming utensils, etc., but do not include fungibles, Scots Law...
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