Merchantable - Law Dictionary Search Results

Home Dictionary Name: merchantable

Merchant shipping

Merchant shipping. The Acts relating to Merchant Shipping have been twice consolidated: first, in 1854, by 17 & 18 Vict. c. 104; and, secondly, in 1894, by the (English) Merchant Shipping Act, 1894 (57 & 58 Vict. c. 60), which contains 748 ss. and 22 schedules, the 22nd Schedule containing 48 repealed enactments.By s. 713 of the (English) Act the Board of Trade exercises a general control over merchant shipping. Additions and amendments have been made to the Act of 1894 by various Acts, the most important of which re: the Merchant Shipping Acts, 1906,1907, 1911, 1920, and 1921; the Merchant Shipping (Stevedores and Trimmers) Act, 1911; the Merchant Shipping (Seamen's Allotment)Act, 1911; the Marine Conventions Act, 1911; Merchant Shipping (Certificates) Act, 1914; Merchant Shipping (Salvage)Act, 1916; Merchant Shipping (Wireless Telegraphy)Act, 1919; Merchant Shipping Acts (Amendment) Act, 1923; Fees (Increase) Act, 1923; Merchant Shipping (International Labour Conventions) Act, 1925; ...

Law merchant

Law merchant [lex mercatoria, Lat.], that part of the law of England which governs mercantile transactions. It is founded upon the general custom of merchants of all nations, which, though different from the general rules of the Common Law, has been gradually engrafted into it and made to form part of it. See Introduction to Smith's Merc. Law.Law merchant, means a system of customary law that developed in Europe during the Middle Ages and regulated the dealings of mariners and merchants in all the commercial countries of the world until the 17th century. Many of the law merchant's principles came to be incorporated into the common law, which in turn formed the basis of the Uniform Commercial Code. Also termed commercial law: lex mercatoria, Black's Law Dictionary, 7th Edn., p. 893....

merchant

merchant : a person who trades in goods esp. of a certain kind and possesses expertise in the area of the goods and the practices of trading in them or who employs others with such expertise [a warranty that the goods shall be merchantable is implied in a contract for their sale if the seller is a with respect to goods of that kind "Uniform Commercial Code"] ...

merchantable

merchantable : of commercially acceptable quality : characterized by fitness for normal use, good quality, and accord with any statements or promises made on the packaging or label [ goods] see also implied warranty and warranty of merchantability at warranty mer·chant·abil·i·ty [mər-chən-tə-bi-lə-tē] n ...

warranty of merchantability (fitness for a particular purpose)

warranty of merchantability (fitness for a particular purpose) A promise arising by operation of law that something sold shall be merchantable and fit for the purpose required. Source: FindLaw ...

Commission merchant

Commission merchant. A factor is commonly said to be an agent employed to sell goods or merchandise, consigned or delivered to him by or for his principal for a compensation commonly called factorage or commission. Hence he is often called a commission merchant or consignee; and the goods received by him for sale are called a consignment, Story's Agency, 28....

Merchantable

Merchantable, marketable. 'Where goods are bought by description from a seller who deals in goods of that description (whether he be the manufacturer or not), there is an implied condition that the goods shall be of merchantable quality; provided that if the buyer examined the goods, there shall be no implied condition as regards defects which such examination ought to have revealed', (English) Sale of Goods Act, s. 14 (2); and see also s. 15, and Sumner, Permain & Co. v. Webb & Co., CA (1922) 1 KB 55...

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