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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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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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