Salable Legal Definition
These sample phrases are automatically selected from various online information sources to reflect the current use of the word “saleable”. The views expressed in the examples do not represent the views of Merriam-Webster or its editors. Send us your feedback. Nglish: Translation of saleable for Spanish speakers See full definition of saleable in the dictionary English Language Learners Are you a lawyer? Visit our professional website » LawInfo.com National Law Society Directory and Consumer Legal Resources The FindLaw Legal Dictionary – free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries. FindLaw.com free and reliable legal information for consumers and legal professionals Abogado.com the #1 Spanish legal website for consumers At FindLaw.com, we pride ourselves on being the leading source of free legal information and resources on the Internet. Contact us. SuperLawyers.com U.S. Lawyers Directory with exclusive Super Lawyers review Terms and ConditionsPrivacy PolicyDisclaimerCookiesDon`t Sell My Data Copyright © 2022, Thomson Reuters. All rights reserved. Supported by Black`s Law Dictionary, Free 2nd ed., and The Law Dictionary. “Marchable” is synonymous with “marketable” or “saleable”. Goods are of merchantable quality if they are of reasonable quality within expected fluctuations and are fit for sale in the ordinary course of trade at ordinary selling price.
Merchantable goods need not be of exceptional or superior quality, they only need to be fit for the ordinary use for which they are used. According to section 2-314 of the UCC, to be commercially available, goods must be at least the following: Source: Merriam-Webster`s Dictionary of Law ©1996. Licensed with Merriam-Webster, Incorporated. There is an implied warranty of merchantability for all items sold, unless there is some sort of disclaimer with wording stating that the item will be sold “as is” or “with all faults.” This should not be confused with the implied warranty of similar but unambiguous suitability that exists to ensure that an item requested by a buyer for a particular purpose and delivered by the seller is usable for that purpose.
