Marketable
Dictionary of Terms and Phrases Used in American or English Jurisprudence · Benjamin Vaughan Abbott · 1879
Dictionary of Terms and Phrases Used in American or English Jurisprudence
That which may lawfully and justly be sold. Thus, decayed and unwholesome provisions are not marketable. Marketable title, to land, is such title as a purchaser may, in view of a court of equity, be compelled to accept as sufficient. This has been defined as being a title which is not merely good, but free from plausible or reasonable objection. It is, however, quite settled, that, so far as a purchaser's objection is one of pure law, the court, if the objection appears untenable, will not refrain from compelling him to complete his purchase by reason of any supposed doubtfulness in the state of the law on the subject.