merchantabilityn.
/ˌməːtʃ(ə)ntəˈbɪlᵻti/, U.S. /ˌmərtʃən(t)əˈbɪlᵻdi/ The condition, state, or quality of being merchantable; saleability. (Chiefly in legal contexts.)
ΘΚΠ
society > trade and finance > [noun] > ability to be traded
trafficableness1889
merchantability1896
tradability1903
1896 Northeastern Reporter 44 1122/1 In cases where goods are sold by a manufacturer without any opportunity for inspection, and without any express warranty, there is an implied warranty of merchantability.
1900 Federal Reporter 100 289 No one test—that of chemistry, appearance, consistency, or merchantability—will absolutely determine this question.
1939 Credit Man. Commerc. Laws (National Assoc. Credit Men) 31 Merchantability. Where goods are bought by description from a dealer in goods of that kind..there is an implied warranty that they shall be of a merchantable quality.
1986 Oxf. Jrnl. Legal Stud. 6 328 Scrutton LJ expressly cast doubt on the relevance of the condition of merchantability to the right to sell.
This entry has been updated (OED Third Edition, September 2001; most recently modified version published online March 2022).
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n.1896