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MARKETABLE

Categories: Contracts

Definition (1910 Edition)

MARKETABLE. Such things as may he. sold in the market; those for which a buyer may be found. —Marketable title. A “marketable title’ to land is 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, but a title which is free from peusine or reasonable objections. Austin v. arnum, 52 Minn. 136, 53 N. W. 1182; Vought v. Williams, 46 Hun (N. Y.) 642; Brokaw v.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.