Thanks for that - I wasn't aware of the wider usage, that makes a
lot of sense.
It also reinforces Peter Brown's point that ontologists are not
domain experts and vice versa. I guess sometimes I can't resist
jumping when I see what appears to be wild guesswork about the
meanings of words. I think the interesting challenge is identifying
which community of practice is best placed to be the owner of the
most generally applicable definition of a concept, and then find the
standards they use, and (if these are not ontologies), reverse
engineering those standards into some formal ontological
representation. Hence my harping out about REA for example.
Mike
On 11/01/2011 20:57, Simon Spero wrote:
On Tue, Jan 11, 2011 at 2:53 PM, Mike Bennett <mbennett@xxxxxxxxxxxxxxx>
wrote:
Fungible means that for two things which are fungible, one can
be directly replaced with the other, without any effect.
[...]
This is a formal and well understood concept, so there is
not much need to reinvent it.
That's mostly right (no legal effect). The set of things
count that count as equivalent can be defined by usage of
trade, and to specific agreement amongst parties:
"Fungible
goods" means: (A) goods of which any unit, by
nature or usage of trade, is the equivalent of any other
like unit; or (B) goods that by agreement are treated as
equivalent. UCC § 1-201
(b) (18)
So it might be
possible for houses to be fungible if the parties involved
agree to it (though because houses are Real property, the
UCC doesn't apply, and since Real property law is weird,
there may be some block). There are plausible situations
involving properties bought for investment purposes where
fungibility would make sense.
Simon
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