| 单词 | marketable title |
| 释义 | marketable title marketable title in CONVEYANCING in Scotland, an implied term of every contract for the sale of heritage that the seller will inter alia deliver a marketable title, which not only means that there will be no eviction but also that there will be no reasonable challenge that can be made. It imports an exclusive and absolute right of property and thus excludes even a long lease. It must be a title to a whole and identical property. The title must be free of all burdens and encum- brances except FEU DUTY, which in most cases will have been auto- matically redeemed by statute some time ago or will have to be done on sale. An unallocated part of a cummulo feu duty may still be out- standing and render a title unmarketable. |
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