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Marketable title
Marketable titleA title not subject to reasonable doubt or suspicion of invalidity in the mind of a reasonable and intelligent person: one which a prudent person guided by competent legal advice would be willing to accept and purchase at market value. RELATED TERMS-------------------------------------- Title 1) Estates. A title is defined by Lord Coke to be the means whereby the owner of lands hath the just possession of his property. 2) Legislation That part of an act of the legislature by which it is known, and distinguished from other acts the name of the act. 3) Rights. The name of a newwpaper a book, and the like. Subject 1) Contracts. The thing which is the object of an agreement. This term is used in the laws of Scotland. 2) Persons, government. An individual member of a nation, who is subject to the laws; this term is used in contradistiction to citizen, which is applied to the same individual when considering his political rights. Reasonable Conformable or agreeable to reason; just; rational. Suspicion A belief to the disadvantage of another, accompanied by a doubt. Person This word is applied to men, women and children, who are called natural persons. Legal That which is according to law. It is used in opposition to equitable, as the legal estate is, in the trustee, the equitable estate in the cestui que trust. Advice 1) Com. A letter containing information of any circumstances unknown to the person to whom it is written; when goods are forwarded by sea or land, the letter transmited to inform the consignee of the fact, is termed advice of goods, or letter of advice. When one merchant draws upon another, he generally advises him of the fact. These letters are intended to give notice of the facts they contain. 2) Practice. The opinion given by counsel to their clients; this should never be done but upon mature deliberation to the best of the counsel's ability; and without regard to the consideration whether it will affect the client favorably or unfavorably. Purchase In its most enlarged and technical sense, purchase signifies the lawful acquisition of real estate by any means whatever, except descent. It is thus defined by Littleton, section 12. "Purchase is called the possession of lands or tenements that a man hath by his own deed or agreement, unto which possession he cometh, not by title of descent from any of his ancestors or cousins, but by his own deed." Market A public place appointed by public authority, where all sorts of things necessary for the subsistence, or for the conveniences of life, are sold. Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. SIMILAR TERMS-------------------------------------- Mark This term has several acceptations: 1) It is a sign traced on paper or parchment, which stands in the place of a signature, usually made by persons who cannot write. 2) It is the sign, writing or ticket put upon manufactured goods to distinguish them from others.3) Mark or marc, denotes a weight used in several parts of Europe, and for several commodities, especially gold and silver. When gold and silver are sold by the mark, it is divided into twenty-four carats. 4) Mark is also in England a money of accounts, and in some other countries a coin. Mark up The difference between what the agency or broker pays the writer and the amount the agency bills the client for the writer's work. Usually calculated as a certain percentage of the writer's billing rate or fee. The markup covers all of the agency's costs and profits. Market A public place appointed by public authority, where all sorts of things necessary for the subsistence, or for the conveniences of life, are sold. Market overt English law. Market overt is an open or public market; that is, a place appointed by law or custom for the sale of goods and chattels at stated times in public. PREVIOUS AND NEXT TERMS-------------------------------------- Maritime profit Maritime law. The French writers use the term maritime profit to signify any profit derived from a maritime lean. Mark This term has several acceptations: 1) It is a sign traced on paper or parchment, which stands in the place of a signature, usually made by persons who cannot write. 2) It is the sign, writing or ticket put upon manufactured goods to distinguish them from others.3) Mark or marc, denotes a weight used in several parts of Europe, and for several commodities, especially gold and silver. When gold and silver are sold by the mark, it is divided into twenty-four carats. 4) Mark is also in England a money of accounts, and in some other countries a coin. Mark up The difference between what the agency or broker pays the writer and the amount the agency bills the client for the writer's work. Usually calculated as a certain percentage of the writer's billing rate or fee. The markup covers all of the agency's costs and profits. Market A public place appointed by public authority, where all sorts of things necessary for the subsistence, or for the conveniences of life, are sold. Market overt English law. Market overt is an open or public market; that is, a place appointed by law or custom for the sale of goods and chattels at stated times in public. Marketable title Marlebridge, statute of The name of a statute passed the 52 Hen. III, so called because it was enacted at Marlebridge. Marque and reprisal The name given to a commission granted by the supreme power of a state to a private person for the purpose of seizing the property of a foreign state or its subjects. Wheat. Marriage A contract made in due form of law, by which a free man and a free woman reciprocally engage to live with each other during their joint lives, in the union which ought io exist between husband and wife. By the terms freeman and freewoman in this definition are meant, not only that they are free and not slaves, but also that they are clear of all bars to a lawful marriage. Marriage brokage By this expression is meant the act by which a person interferes, for a consideration to be received by him, between a man and a woman, for the purpose of promoting a marriage between them. The money paid for such service is also known by this name. Marriage portion That property which is given to a woman on her marriage. We thank you for using the Juridical Dictionary to search for Marketable title. If you have a better definition for Marketable title than the one presented here, please let us know by making use of the suggest a term option. This definition of Marketable title may be disputed by other professionals. Our attempt is to provide easy definitions on Marketable title and any other medical topic for the public at large.
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