Glossary entry (derived from question below)
English term or phrase:
merchantability
English answer:
marketability, suitability to be bought or sold
English term
merchantability
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Responses
marketability
http://www.thefreedictionary.com/merchantability
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Note added at 11 mins (2008-12-31 20:01:40 GMT)
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Implied warranties come in two general types: merchantability and fitness. An implied warranty of merchantability is an unwritten and unspoken guarantee to the buyer that goods purchased conform to ordinary standards of care and that they are of the same average grade, quality, and value as similar goods sold under similar circumstances. In other words, merchantable goods are goods fit for the ordinary purposes for which they are to be used. The Uniform Commercial Code (UCC), adopted by most states, provides that courts may imply a Warranty of merchantability when (1) the seller is the merchant of such goods, and (2) the buyer uses the goods for the ordinary purposes for which such goods are sold (§ 2-314). Thus, a buyer can sue a seller for breaching the implied warranty by selling goods unfit for their ordinary purpose.
http://legal-dictionary.thefreedictionary.com/merchantabilit...
United States
US Court Cert. 1980 Ph.D. 1981
Native in: English 
Works in: Spanish to English, Portuguese to English, English to Spanish, and 2 more.
state of being fit for market; ready to be bought or sold
state - the way something is with respect to its main attributes; "the current state of knowledge"; "his state of health"; "in a weak financial state"
sale - the state of being purchasable; offered or exhibited for selling; "you'll find vitamin C for sale at most pharmacies"; "the new line of cars will soon be on sale"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2008 Princeton University, Farlex Inc.
Mike :)
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