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LSDefine

Simple English definitions for legal terms

dumping

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A quick definition of dumping:

Dumping is when a company sells a lot of goods in another country for a price that is lower than what they sell it for in their own country. This can hurt the businesses in the other country because they can't compete with the low prices. To protect their own businesses, some countries have laws that prevent dumping.

A more thorough explanation:

Dumping refers to the act of selling a large quantity of goods at a price that is less than the fair value. This can also occur when goods are sold abroad at a price that is lower than the market price at home.

A company in Country A produces shoes and sells them for $50 per pair. The same company decides to sell the same shoes in Country B for $30 per pair. This is an example of dumping because the shoes are being sold at a price that is less than the fair value.

Another example is when a company in Country C produces steel and sells it for $500 per ton. The same company decides to sell the same steel in Country D for $300 per ton. This is also an example of dumping because the steel is being sold at a price that is lower than the market price at home.

Dumping can harm domestic companies because they cannot compete with the low prices of the foreign goods. To prevent this, some countries have antidumping laws that protect their domestic companies.

dump | dump-truck lawyer

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Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
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windyMagician
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it doesn't hurt its just tingly
Dkk
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19:27
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windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
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Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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