This concept is plagued with possible paradoxes.

Trying to define a chair, for example, is a serious nightmare. The proposed definition of "that which is fit for sittin on" fails with a broken chair.
Also, consider a chair whose seat has been punched out: you can't sit on it, but wouldn't you call it a chair ?

Essential and accidental properties are very much an Aristotle concept, and they fail in the face of modern logics.