Warranty Of Merchantability at Legal Glossary

What is it? See implied warranty.

Law Definition Added By: Bailey

Send To Friends!

If you'd like to send the Warranty Of Merchantability definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Warranty Of Merchantability. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Legal Terms:

Law Terms case is A term that most often refers to a lawsuit -- for example, I filed my small claims case. Case also refers to a written decision by a judge -- or for an appellate case, a panel of judges. For example, the U.S. Supreme Courts decision legalizing abortion is commonly referred to as the Roe v. Wade case. Finally, the term also describes the evidence a party submits in support of her position -- for example, I have made my case or My case-in-chief has been completed.

Law Terms warranty adjustment program is See secret warranty program.

Law Terms pot trust is A trust for children in which the trustee decides how to spend money on each child, taking money out of the trust to meet each childs specific needs. One important advantage of a pot trust over separate trusts is that it allows the trustee to provide for one childs unforeseen need, such as a medical emergency. But a pot trust can also make the trustees life difficult by requiring choices about disbursing funds to the various children. A pot trust ends when the youngest child reaches a certain age, usually 18 or 21.

Law Terms forfeiture is The loss of property or a privilege due to breaking a law. For example, a landlord may forfeit his or her property to the federal or state government if the landlord knows it is a drug-dealing site but fails to stop the illegal activity. Or, you may have to forfeit your drivers license if you commit too many moving violations or are convicted of driving under the influence of alcohol or drugs.

Law Terms emancipation is The act of freeing someone from restraint or bondage. For example, on January 1, 1863, slaves in the confederate states were declared free by an executive order of President Lincoln, known as the Emancipation Proclamation. After the Civil War, this emancipation was extended to the entire country and made law by the ratification of the thirteenth amendment to the Constitution. Nowadays, emancipation refers to the point at which a child is free from parental control. It occurs when the childs parents no longer perform their parental duties and surrender their rights to the care, custody and earnings of their minor child. Emancipation may be the result of a voluntary agreement between the parents and child, or it may be implied from their acts and ongoing conduct. For example, a child who leaves her parents home and becomes entirely self-supporting without their objection is considered emancipated, while a child who goes to stay with a friend or relative and gets a part-time job is not. Emancipation may also occur when a minor child marries or enters the military.