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FIRST to define "fungible:" Funglibles are goods which are interchangeable, often sold or delivered in bulk, since any one of them is as good as another. Fungible goods have no distinguishing characteristics from others of like kind, such as grains or oils, so that they can be easily replaced or substituted. When items are sold by weight or number, that is an indication that they may be fungible goods." (See below link)
Therefore, non fungibles are anything the above definition does not include or to which it does not apply.
Wiki User
∙ 13y ago
In law, "non-fungible" refers to unique assets that cannot be easily replaced or exchanged for something else of equal value. This is important in various legal contexts, such as intellectual property rights or unique physical assets like art or collectibles, where the individual characteristics of the asset are significant.
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What law banned Asians who were not citizens from owning farm land?
The California Alien Land Law of 1913 prohibited non-citizens, including Asians, from owning land in the state. This law aimed to limit land ownership by Japanese immigrants who were not eligible for citizenship at the time.
What is the principle that a law may not be implemented retrospectively?
The principle that a law may not be implemented retrospectively is known as the principle of non-retroactivity. It means that a law cannot apply to events that occurred before the law was enacted. This principle is important for ensuring fairness, predictability, and legal certainty in a legal system.
What is a Non statutory organisation?
A non-statutory organization is a group or entity that is not established or regulated by legislation. These organizations operate independently and are usually formed by individuals with a common interest or goal. Non-statutory organizations do not have legal standing granted by a specific law.
What is a non tort law suit?
A non-tort lawsuit is a legal action seeking resolution of a dispute that does not involve a civil wrong or injury caused by one party to another. Examples include contract disputes, divorce proceedings, property disputes, and employment lawsuits.
Is there a law that forbids the use of nuclear weapons?
There is no universal law that explicitly forbids the use of nuclear weapons. However, the use of nuclear weapons is regulated under international law, including the Nuclear Non-Proliferation Treaty and customary international law that limit their use to self-defense in extreme circumstances.
Why are NFTs (non-fungible tokens) trending?
greed
How do you use fungible in a sentence?
If something is fungible it can be broken into pieces without losing much of its value. Something is fungible or it is not. Gold can be melted down and split into smaller bars with no loss of value, therefor it is fungible. Gasoline is fungible, you can sell two half gallons for the same price as a single gallon. A race horse is not fungible. An iPod is not fungible. A rare coin is not fungible. You're not fungible. Hope this helps.
What is fungible?
Production of rice.
Does fungible mean interchangeable?
Yes it does
What is in example of fungible good?
potatoe
What is example of fungible good in economics?
potatoe
What is the purpose of a supply schedule?
what is a fungible good
Is the best example of a fungible good apex?
Potatoes
What is fungible mean in Term of financial?
If an asset is fungible, then all that means is it has the same terms, conditions, and rights as other assets in the same pool. Hence, one asset can be substituted or exchanged for another asset freely. Eg, the additional issue of ordinary shares of a company are fungible to the ordinary shares that are currently issued in the market.
What is the difference between a fungible good and nonfungible good?
A fungible item can be thought of as a "liquid asset". Usually it can be converted to monetary assets, but it may take more than one step in that process.
What is homogeneous commodity?
These are goods which have the quality of substitutability. In law they are sometimes described as fungible. Basically if you want a pound of rice from a sack of rice, it doesn't matter which grains from the sack you get, because all of the grains in the sack are interchangeable.
What does Roger Penrose mean by saying that the mind is a fungible material?
it means they understand you or understood
