merchantability


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mer·chant·a·ble

 (mûr′chənt-ə-bəl)
adj.
Suitable for buying and selling; marketable.

mer′chant·a·bil′i·ty n.

merchantability

(ˌmɜːtʃəntəˈbɪlɪtɪ)
n
(Banking & Finance) the quality or state of being suitable for trading
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.merchantability - the state of being fit for marketmerchantability - the 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"
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References in periodicals archive ?
Federal law does not pre-empt a patient's claim that a pharmaceutical company breached its implied warranty of merchantability by failing to comply with federal regulations when manufacturing medications, the 8th Circuit ruled on Jan.
In the suit, the Kims say Odwalla ``breached its implied warranty of the merchantability and fitness for a particular purpose by selling and serving juice which was contaminated and unfit for human consumption.
NEITHER MSCI, ANY OF ITS AFFILIATES OR ANY OTHER THIRD PARTY INVOLVED IN MAKING OR COMPILING ANY OF THE INFORMATION MAKES ANY EXPRESS OR IMPLIED WARRANTIES OR REPRESENTATIONS WITH RESPECT TO THE INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND MSCI, ITS AFFILIATES AND EACH SUCH OTHER THIRD PARTY HEREBY EXPRESSLY DISCLAIM ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY, ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.