Such things as may be sold in the market; those for which a buyer may be found. Marketable title. A "marketable title" to land is such a title as a court of equity, when asked to decree specific performance of the contract of sale, will compel the vendee to accept as sufficient. It is said to be not merely a defensible title, but a title which is free from plausible or … [Read more...] about MARKETABLE
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MARKETABLE SECURITY
A security or stock that is listed on an exchange and capable of being purchased or sold in the marketplace. … [Read more...] about MARKETABLE SECURITY
MARITIME CONTRACT
One which relates to the navigation of the sea. 2. The admiralty has jurisdiction in case of the breach of such contract, whether it has been entered into on land or at sea. … [Read more...] about MARITIME CONTRACT
MARKETABLE TITLE
Another term for clear title; free of encumbrances. … [Read more...] about MARKETABLE TITLE
MARITIME INTEREST
By maritime interest is understood the profit of money lent on bottomry or respondentia, which is allowed to be greater than simple interest because the capital of the lender is put in jeopardy. There is no limit by law as to the amount which may be charged for maritime interest. It is fixed generally by the agreement of the parties. 2. The French writers employ a variety of … [Read more...] about MARITIME INTEREST