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Simple English definitions for legal terms

external obsolescence

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A quick definition of external obsolescence:

External obsolescence is when something becomes outdated or less useful due to external factors, such as changes in technology or regulations. This can cause a decrease in value or demand for the item. It is different from physical deterioration and can affect things like property or consumer goods.

A more thorough explanation:

Definition: External obsolescence is a type of obsolescence that occurs due to external economic factors, such as decreased demand or changed governmental regulations.

Explanation: Obsolescence refers to the process or state of falling into disuse or becoming obsolete. External obsolescence occurs when external economic factors, such as changes in demand or regulations, make a property less valuable or useful. This is different from physical deterioration, which is the result of wear and tear over time.

Examples: An example of external obsolescence is when a factory located in a small town loses business due to changes in regulations that make it more expensive to operate. Another example is when a shopping mall loses customers due to the opening of a new mall in a nearby area.

Illustration: Imagine a small town that has a factory that produces a specific type of product. The factory has been in operation for many years and has provided jobs for many people in the town. However, due to changes in regulations, the cost of operating the factory has increased significantly. As a result, the factory is no longer profitable and is forced to shut down. This is an example of external obsolescence because the factory has become less valuable and useful due to external economic factors.

externality | external sovereignty

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babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
13:28
real ones shop at YMH
triplethread
13:28
i missed another fordham wave
triplethread
13:28
mamas getting denied
JumpySubsequentDolphin
13:29
the bergdorf on 5th Ave in NYC is so
JumpySubsequentDolphin
13:29
it feels like home
Dkk
13:29
I'm at your mommas house rn: https://x.com/Mansavelli_/status/1648073454665572352
triplethread
13:29
im addicted to reacting to all of the decisions
triplethread
13:29
with the emojis
HopefullyInLawSchool
13:29
I shop at Joe
HopefullyInLawSchool
13:29
Joe's
glovediedthisishismom
13:30
i shop at tawget
glovediedthisishismom
13:30
im dawk gawthic maga
triplethread
13:30
i shop at giant eagle
ForDizzyDJoy
13:31
How did i miss Fordham and American’s wave and I applied in september 🙃
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