Legal Definitions - res fungibiles

RES FUNGIBILES

Res fungibiles are things that can be easily exchanged for something else of the same kind. In other words, they are commercially interchangeable.

• Money
• Grain
• Oil

For example, if you have a dollar bill, you can exchange it for another dollar bill and it will have the same value. The same goes for grain and oil. These things are fungible because they can be easily exchanged for something else of the same kind.