Confusion Of Goods

AAA

DEFINITION of 'Confusion Of Goods'

A legal term for when the goods or property of two or more parties become commingled to the point where each party's respective items can't be readily determined.


While the term can apply to money or property, it is most commonly used with physical goods such as fuel oils, grains, produce or minerals.


Confusion of goods may also be called "intermixture of goods".

INVESTOPEDIA EXPLAINS 'Confusion Of Goods'

Confusion of goods can either happen on purpose or by accident. If two or more people mutually decide to commingle their goods, then it is considered for the betterment of each, and no criminal or negligent act is taking place. However, if one person deliberately mixes goods or property with another without their consent, it is considered unlawful and the unknowing party may be awarded full rights to the entire property.



RELATED TERMS
  1. Commingling (Commingled)

    1. In securities, it is the mixing of customer-owned securities ...
  2. Pro-Rata

    Used to describe a proportionate allocation. A method of assigning ...
  3. Physical Delivery

    Term in an options or futures contract which requires the actual ...
  4. Pooled Funds

    Funds from many individual investors that are aggregated for ...
  5. Copyright Infringement

    The use or production of copyright protected material without ...
  6. Cash-And-Carry Trade

    A trading strategy in which an investor buys a long position ...
Related Articles
  1. Commodities: The Portfolio Hedge
    Active Trading

    Commodities: The Portfolio Hedge

  2. Cashing In On A Commodities Boom
    Trading Strategies

    Cashing In On A Commodities Boom

  3. When is it acceptable for a broker to ...
    Investing

    When is it acceptable for a broker to ...

  4. Curious About Stock Index Futures? Read ...
    Options & Futures

    Curious About Stock Index Futures? Read ...

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center