Which of the Following Statements Regarding Commingled Fungible Goods Is

question 6

Multiple Choice

Which of the following statements regarding commingled fungible goods is TRUE?

• A)If a party who is responsible for the commingling of fungible goods cannot prove what percentage of the fungible goods he or she contributed,the commingled goods will be divided equally among all contributing parties,regardless of the original contributions of each party.
• B)If one of the parties responsible for the comingling of fungible goods,and that person cannot prove what percentage of the commingled goods he or she contributed,the holder of the goods at the time gains property rights over the commingled goods.
• C)Fungible goods that are intentionally commingled by a third party may only be separated and distributed via a court order.
• D)If goods are commingled because of the actions of a third party,the third party has the right to determine how the commingled goods will be distributed to each contributing party.
• E)If two people accidentally commingle their fungible goods,or if the goods are commingled because of the actions of a third party,each party in entitled to the percentage of the fungible goods that he or she contributed.

---

Definitions:

Substantial Part

A significant or large portion of a whole, which is essential or important in nature.

Anticipatory Repudiation

A declaration or action by a party indicating they will not fulfill their contractual obligations, allowing the other party to seek remedies.

Expressly Notifies

To inform or declare something in a direct and explicit manner.

Conforming Goods

Items that meet the specifications and standards set forth in a purchase contract.