Examlex
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Merchantable Quality
A condition implying that the goods are of a quality suitable for sale to a customer under the sale of goods legislation.
Inherent Defect
A flaw or imperfection in a product that exists due to its nature or design, not because of external factors.
Seller's Lien
A legal right or interest that a seller holds in the sold goods until the full purchase price is paid by the buyer, often used as a form of security.
Sale of Goods Act
A law regulating the sale of goods, providing rights, duties, and obligations of both buyers and sellers, ensuring fairness in transactions.
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