Legal Definition and Related Resources of Obsolescence, Obsolete
Meaning of Obsolescence, Obsolete
obsolescence is the condition or process by which anything gradually ceases to be useful or profitable on account of changed conditions. May also arise extraneously as a result of laws regulating or forbidding particular use of property . See Brunet v Niagara Falls Brewing Co., 282 U.S. 648, 51 S.Ct. 262, 75 L.Ed. 594. A thing is Obsolete when it is no longer used or usable. See real estate -Land title and trust Co. v U.S., 309 U.S. 13, 60 S. Ct. 371, 84 L.Ed. 542.
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