The term “merchantable title” is often used synonymously with - TopicsExpress

The term “merchantable title” is often used synonymously with the term “marketable title.”8 Salmon v. Perez, 545 N.E.2d 21, 25 (Ind.Ct.App.1989). “[T]itle ‘which has no defects of a serious nature, and none which affect the possessory title of the owner, ought to be adjudged marketable.’” Staley v. Stephens, 404 N.E.2d 633, 635 (Ind.Ct.App.1980) (quoting Kenefick v. Shumaker, 64 Ind.App. 552, 565, 116 N.E. 319, 323 (1917)), trans. denied. One who contracts for the purchase of real property is not bound to accept a doubtful title, or one that would likely be involved in litigation, even though it may ultimately be adjudged to be good. Staley, 404 N.E.2d at 635. - See more at: caselaw.findlaw/in-court-of-appeals/1482653.html#sthash.JTme0eB3.dpuf

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