Merchantable
/ˈmɜːrtʃəntəbl/
Definition 1 of 1
Pro Tip 1/3Legal Standards
Refers to goods meeting minimum legal requirements to be sold, ensuring buyer gets functional items. 
The store ensured all electronics were merchantable.
Pro Tip 2/3Business Expectations
Implies that the goods are not just sellable but also desirable and of a quality that customers expect. 
Despite being used, the phone was in merchantable condition.
Pro Tip 3/3Pre-Sale Quality
Goods need to be examined to confirm they are fit for sale, as buyers assume this as a baseline. 
Our bakery checks the merchantable quality of bread daily.