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Marketable

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

Such things as may be sold in the market; those for which a buyer may be found.

Marketable title. A "marketable title" to land ls such a title as a court of equity, when asked to decree specific performance of the contract of sale, will compel the vendee to accept as sufficient. It is said to be not merely a defensible title, bat a title which is free from plausible or reasonable objections. Austin v. Baraum, 52 Minn. 136, 53 N. W. 1132; Vought v. Williams, 46 Hun (N. Y.) 642; Brokaw v. Duffy, 165 N. Y. 391, 59 N. B. 196; Todd v. Union Dime Sav. Inst., 128 N. Y. 636, 28 N. E. 504.