==============================  CFJ 2176  ==============================

    Wolfram Blitzen is the owner of a Twin Sister.


Caller:                                 Machiavelli

Judge:                                  G.
Judgement:                              TRUE



Called by Machiavelli:                  22 Sep 2008 20:22:21 GMT
Assigned to G.:                         28 Sep 2008 21:50:20 GMT
Judged TRUE by G.:                      29 Sep 2008 05:38:55 GMT


Caller's Arguments:

I never specified which Twin
Sister I was attempting to transfer; then again, there was no way I
could have done so.


Caller's Evidence:

I agree to the following: {This is a pledge. The Twin Sisters are
non-fungible assets. There are exactly two Twin Sisters. Initially,
both Twin Sisters belong to Ivan Hope CXXVII. Ivan Hope CXXVII can
terminate this pledge by announcement.} If possible, I transfer a Twin
Sister to Wolfram Blitzen.


Judge G.'s Arguments:

If the twin sisters of this self-contradictory pledge are distinguishable,
they must at least be distinguishable by name (R1586).  But by design,
they are not, nor due they differ by backing document, nor by any other
possible salient features.  Since by design the the twin sisters are
indistinguishable, they are fungible by the dictionary definition, despite
the fact that the pledge calls them non-fungible (if the pledge calls a
cow a duck, it is still a cow).  The Rule for Assets (R2166), while it says
that all currencies are fungible, does *not* say that all non-currencies
are non-fungible.

Therefore, what we have here are two fungible (by definition) and therefore
interchangeable assets that are not currencies; for an entity possessing
both, it is not required to identify "which" one is transfered in order to
make a transfer.  TRUE.

[Note, there's a series of similar precedents with Bonds but I don't think
it's worth looking those up right now].