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LSDefine

Simple English definitions for legal terms

salable

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A quick definition of salable:

Term: Salable

Definition: Salable means that something is fit to be sold at the usual price in the usual way. It is also called merchantable. Salability is the quality of being able to be sold.

A more thorough explanation:

Salable

Salable means that a product or item is fit to be sold at the usual selling price in the normal course of trade. It is also known as merchantable.

  • A car that is in good condition and meets all safety standards is salable.
  • A dress that is fashionable and made of high-quality fabric is salable.
  • A phone that has all the latest features and is in good working condition is salable.

These examples illustrate that a product must meet certain standards to be considered salable. The car must be safe and in good condition, the dress must be fashionable and made of high-quality fabric, and the phone must have all the latest features and be in good working condition. If a product does not meet these standards, it may not be salable.

sake and soke | salable value

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