merchantability


Also found in: Thesaurus, Legal, Wikipedia.

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"
Mentioned in ?
References in periodicals archive ?
Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Putman filed this action against Savage Arms alleging negligent design, failure to warn and breach of implied warranty of merchantability. In support of his claims, Putman offers the expert testimony of Dr.
"Here, the Egans allege that defendants breached the warranty of merchantability by selling a defectively designed HVAC system and replacement coils.
Neither John Hancock Advisers, LLC nor Dimensional Fund Advisors LP makes any express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein.
The company would benefit from the enhanced merchantability of its harvests to local mill customers within a 60-mile radius and a favorable supply agreement.
The main issue has come with a protection that we've discussed many times before: Implied warranty, aka the "implied warranty of merchantability.'' What that means is as a consumer you have a right to expect that a product is going to do what it is supposed to do for a "reasonable time.''
This will also help facilitate free transport for joint investments, as Abdel Nour pointed out that inaugurating the remaining ports during the coming phase would contribute to merchantability and reinvigorate a number of Egyptian sectors that export to the African market.
For example, when the contract relates to the sale of goods, the law implies a warranty of merchantability and a warranty of fitness for a particular purpose.
Typically, these are (a) the implied warranty of merchantability (dealing with the quality of the goods) and (b) the implied warranty of fitness for a particular purpose (if you know or have reason to know your customer's intended use of the goods).
He sued for breach of contract, fraud, breach of the implied warranty of merchantability and negligent infliction of emotional stress.
Statements herein are based on normal operating conditions and are not intended to create any implied warranty of merchantability or fitness for a particular purpose.