1. Fats and oils that are in contact with moist air at room temperature eventually undergo oxidation and hydrolysis reactions that cause them to turn rancid, acquiring a disagreeable odor
2. One cause of the odor is the release of volatile fatty acids by hydrolysis of the ester bonds
3. Butter, for example, releases foul-smelling butyric, caprylic, and capric acids
4. Microorganisms present in the air furnish lipases that catalyze this process
5. Hydrolytic rancidity can easily be prevented by covering the fat or oil and keeping it in a refrigerator