1. Fats and oils are colorless, odorless and tasteless in their fresh form. They have a specific gravity less than water and are insoluble in water but soluble in organic solvents.
2. Fats and oils undergo hydrolysis when reacted with steam, acids, alkalis or enzymes which produces glycerol and free fatty acids. Alkaline hydrolysis produces glycerol and soap. Unsaturated fatty acids can add halogens at double bonds.
3. Hydrogenation of oils under pressure converts unsaturated fatty acids into saturated ones, changing liquids into solids like in margarine production. Oxidation of oils leads to rancidity over time when exposed to oxygen,