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LSDefine

Simple English definitions for legal terms

commingled goods

Read a random definition: sealed contract

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

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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