Merchantable: Difference between revisions

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adj. a product of a high enough quality to make it fit for sale. To be merchantable an article for sale must be usable for the purpose it is made. It must be of average worth (not necessarily special) in the marketplace and must not be broken, unworkable, damaged, contaminated or flawed.
a.) Fit for market; such as is usually sold in market, or such as will bring the ordinary price; as, merchantable wheat; sometimes, a technical designation for a particular kind or class.

Latest revision as of 10:37, 30 May 2024

a.) Fit for market; such as is usually sold in market, or such as will bring the ordinary price; as, merchantable wheat; sometimes, a technical designation for a particular kind or class.