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Simple English definitions for legal terms
good
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A quick definition of good:
Good: Something that is reliable and effective, or has value. When we talk about "goods," we usually mean things that can be bought and sold, like clothes or toys. There are different types of goods, like things we use at home (household goods) or things that are used to make other things (capital goods). Some goods are meant to last a long time, like cars or computers (durable goods), while others are meant to be used up quickly, like food or soap (soft goods).
A more thorough explanation:
Definition: Good is an adjective that means sound or reliable, valid, effectual, and enforceable. As a noun, it refers to tangible or movable personal property other than money, especially articles of trade or items of merchandise.
Examples:
- A good investment is one that is reliable and likely to provide a return.
- Good title refers to a valid and enforceable legal title to property.
- Goods are items of merchandise that can be bought and sold, such as clothing, electronics, and food.
These examples illustrate how the term "good" can be used to describe something that is trustworthy, effective, and valuable. As a noun, it refers to physical items that can be traded or sold, and can include anything from consumer goods like clothing and electronics to capital goods like machinery and equipment.