For Title to Fungible Goods to Pass, It Is Important

question 37

Multiple Choice

For title to fungible goods to pass, it is important that the goods are:

• A) ascertained.
• B) not ascertained.
• C) perishable.
• D) not perishable.

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Definitions:

Ownership Transfer

The process by which the legal rights of owning an asset or property are transferred from one person or entity to another.

Restrictive Covenant

A clause in a deed or lease that limits what the owner of the property can do with it.

Valid

Legally binding, enforceable, or well-founded; having legal force.

Recorded Deed

A real estate deed that has been officially entered into public records to establish ownership.