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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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i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
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