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LSDefine

Simple English definitions for legal terms

merchantable title

Read a random definition: general cargo

A quick definition of merchantable title:

Merchantable title refers to a legal right to control and dispose of property, including ownership, possession, and custody. It is a title that a reasonable buyer would accept because it appears to lack any defect and to cover the entire property that the seller has purported to sell. A marketable title enables a purchaser to hold property in peace during the period of ownership and to have it accepted by a later purchaser who employs the same standards of acceptability.

A more thorough explanation:

Merchantable title refers to a legal term that describes a title to a property that is free from any defects or claims that could affect the ownership or use of the property. It is a title that a reasonable buyer would accept because it appears to lack any defect and to cover the entire property that the seller has purported to sell. It enables a purchaser to hold property in peace during the period of ownership and to have it accepted by a later purchaser who employs the same standards of acceptability.

For example, if a person wants to sell their house, they must provide a merchantable title to the buyer. This means that the seller must prove that they have the legal right to sell the property and that there are no liens, encumbrances, or other claims against the property that could affect the buyer's ownership or use of the property.

Another example is when a person buys a car from a dealership. The dealership must provide a merchantable title to the buyer, which proves that they have the legal right to sell the car and that there are no outstanding liens or claims against the car that could affect the buyer's ownership or use of the car.

merchant | merchant appraiser

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General

General chat about the legal profession.
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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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