Merchantable quality
 

 

A term used with reference to the sale of goods. There is an implied condition that goods are of merchantable quality, which means that a reasonable person, after full examination. would accept them in satisfaction of his contract. Where there is more than one use of the goods, and the buyer has not made his intentions known, it might be sufficient that they are suitable for one of the purposes.

Reference: The Penguin Business Dictionary , 3rd edt.