Explain the title to goods when fungible goods are commingled
What will be an ideal response?
Confusion occurs if two or more persons commingle fungible goods (i.e., goods that are exactly alike, such as the same grade of oil, grain, or cattle). Title to goods can be acquired by confusion. The owners share ownership in the commingled goods in proportion to the amount of goods contributed by each owner. It does not matter whether the goods were commingled by agreement or by accident. If goods are wrongfully or intentionally commingled without permission, the innocent party acquires title to them.
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A researcher at Florida International University (FIU) wants to estimate the average number of credits earned by students last semester at FIU. She randomly selects 750 students from last semester and finds that they averaged 13.75 credits per student. The population of interest to the researcher is:
a. all FIU students. c. all FIU students enrolled last semester. b. all college students. d. the 750 FIU students selected at random.
Which of the following is not a feature of laissez faire capitalism?
A) Competition B) Guaranteed income C) Private ownership of wealth D) Economic freedom E) Limited role of government