Legal Definition and Related Resources of Marketable Title
Meaning of Marketable Title
Such title to land as is free from reasonable doubt in law and in fact; not merely a title valid in fact, but one which readily can be sold or mortgaged to a reasonably prudent purchaser or mortgagee ; one that is free from material defects, or grave doubts, and reasonably free from litigation . Such title as court of equity , when asked to decree specific performance of the contract of sale, will compel the purchaser to accept as sufficient. See Sinclair v Weber, 104 A.2d561, 204 Md. 324.
Marketable Title Alternative Definition
A title not subject to such reasonable doubt as would create a just apprehension of invalidity in the mind of a reasonable, prudent and intelligent person; one that a person of reasonable prudence and intelligence, guided by competent legal advice, would be willing to take and pay fair value for. 154 111. 607; 27 111. App. 280. A title which is not only good, but as to which there is no reasonable doubt as to matter of either law or fact. Such a title as dealers in real estate, banks, etc., would be willing to invest in. 46 Hun (N. Y.) 638.
Related Entries of Marketable Title in the Encyclopedia of Law Project
Browse or run a search for Marketable Title in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Marketable Title in Historical Law
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Legal Abbreviations and Acronyms
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| Marketable Title in the Dictionary | Marketable Title in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Marketable Title |
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| Related topics | Marketable Title in the World Encyclopedia of Law |
Notice
This definition of Marketable Title is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Concept of Marketable Title in the context of Real Property
A short definition of Marketable Title: Title which can be readily marketed (sold) to a reasonably prudent purchaser aware of the facts and their legal meaning concerning liens and encumbrances.
Concept of Marketable Title in the context of Real Property
A short definition of Marketable Title: Title which can be readily marketed (sold) to a reasonably prudent purchaser aware of the facts and their legal meaning concerning liens and encumbrances.
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