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Simple English definitions for legal terms

commingled goods

Read a random definition: Material

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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OMG U MEAN A NEW ALBUM OMGG NOW I CAN BE DISTRACTED AGAIN
shaquilleoatmeal
17:14
Nah not a Garmin, Apple watch
We not gonna see splitterus for 4 hrs
HAHAHAHHA
MRS CLITTERUS
JumpySubsequentDolphin
17:17
I’ve barely gotten through chromakopia I can’t deal with another album drop rn
JumpySubsequentDolphin
17:17
this is so stressful
wait but actually is there no wave today
i dont really like chromakopia that much i also havent gotten thru it
JumpySubsequentDolphin
17:18
idk splitty :(
if there's no gtown today that would be so cruel
surely gtown 12 minutes from now
I'm a chromokopia fan, but I don't like Tyler outside of that album
theres the spirit!!
JumpySubsequentDolphin
17:18
@SplitterusClitterus: did you like cmiygl? that’s one of my all time fave albums
Kind of a controversial take. I like experimental albums a lot
babycat
17:19
liking chromakopia and not Tyler's other stuff is crazy to me
JumpySubsequentDolphin
17:19
perhaps im biased bc i saw him live when he performed cmiygl for the first time
i think it is a controverisal take and i usually do too, i also think im giving an opinion too early cuz i habvent finished it at all
yeah seeing him live prob makes it a million times better
Thought I was dead is great raps
2024 such a great year for rap
JumpySubsequentDolphin
17:21
i like noid
even outside the beef. Noid is great too
JumpySubsequentDolphin
17:22
boogies album was the worst ever
JumpySubsequentDolphin
17:22
and i LOVE boogie
JumpySubsequentDolphin
17:23
like i would do anything for one chance w that man but better off alone and me vs myself were both not good
He's never really been my style tbh
shaquilleoatmeal
17:43
went to eat - did anyone guess the bowl lmao
shaquilleoatmeal
17:43
ooo yall were too busy with that kendrick shit
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