Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

commingled goods

Read a random definition: barony

A quick definition of commingled goods:

Commingled goods are things that have been mixed together so much that you can't tell what they were before. For example, when you make bread, the flour becomes commingled with other ingredients. This can be a problem when people have different rights to the goods that have been mixed together. The law says that if someone has a right to one of the original goods, they also have a right to the new thing that was made from all the mixed-up goods. But if more than one person has a right to the original goods, it can be hard to figure out who has the most important right to the new thing.

A more thorough explanation:

Definition: Commingled goods are goods that have been physically combined with other goods to the point where their original identity is lost. For example, when flour is used to make bread, it becomes a commingled good.

When goods become commingled, it can create complications in secured transactions. Independent security interests cannot exist in commingled goods, but they can exist in the product or mass that is created from the commingled goods. If a good with a security interest becomes commingled, a security interest is created in the new product.

For example, if a farmer has a security interest in a specific type of grain, and that grain is used to make bread, the farmer's security interest would extend to the bread that is produced. This can create issues when multiple security interests exist in the commingled goods, such as when yeast, water, and flour are combined to make bread.

To resolve these issues, UCC §9-336 creates a priority system for security interests in products or masses. Perfected security interests take priority over unperfected security interests, and if multiple perfected security interests exist, the interest with greater value before the goods were commingled takes priority.

Commingled goods are different from accessions, which occur when goods are combined but their original identity is not lost. For example, if a car is fitted with new tires, the tires are an accession to the car, but the car's original identity is not lost.

commercial tort claim | commingling

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
19:42
it was hard to not improve it. google search was terrible due to the ads and seo cheaters with buzz words and alt text
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
LSD+ is ad-free, with DMs, discounts, case briefs & more.