An obligor’s demonstration of readiness, willingness, and ability to perform the obligation; esp., a buyer’s demonstration of readiness, willingness, and ability to pay the purchase money, or a seller’s offer to deliver merchantable title.• An offer to perform is usu. necessary to hold the defaulting party to a contract liable for breach. [Cases: Contracts 279. […]
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abstract of title. A concise statement, usu. prepared for a mortgagee or purchaser of real property, summarizing the history of a piece of land, including all conveyances, interests, liens, and encumbrances that affect title to the property. — Also termed brief; brief of title. [Cases: Abstracts of Title 1. C.J.S. Abstracts of Title §§ 2–3,
A title that a reasonable buyer would accept because it appears to lack any defect and to cover the entire property that the seller has purported to sell; a title that enables a purchaser to hold property in peace during the period of ownership and to have it accepted by a later purchaser who employs
fairly ad. (1)公平地；公正地；无偏见地；未经歪曲地 (2)正当地；合法地；合理地 若某商品为「合理可销售的」〔fairly merchantable〕，即表示该商品的质量为中等或中等以上。
适销（质量） 英语：merchantable (quality) (US) 法语：vendable, en bon état 德语：handelsübliche Qualität 意大利语：vendibile, commerciabile 西班牙语：vendible