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LSDefine

Simple English definitions for legal terms

gift enterprise

Read a random definition: casus fortuitus

A quick definition of gift enterprise:

A gift enterprise is a way for businesses to increase sales by giving buyers tickets that have a chance to win a prize. It's like a game of chance where people buy shares or tickets and hope to win something. However, gift enterprises are regulated by state law and are not the same as lotteries, which are a way for governments to raise money by selling tickets and giving cash prizes to winners. There are different types of lotteries, like the Dutch lottery and the Genoese lottery, but they all involve drawing numbers at random to determine the winners.

A more thorough explanation:

A gift enterprise is a scheme where people purchase shares and receive items by chance. It is also a merchant's scheme to increase sales by giving buyers tickets that carry a chance to win a prize. These enterprises are regulated by state law.

One example of a gift enterprise is a raffle. People purchase tickets and have a chance to win a prize. Another example is a store giving out scratch-off tickets with purchases, where customers can win discounts or free items.

These examples illustrate the definition of a gift enterprise because they involve people purchasing something with the chance of receiving a gift or prize. The outcome is determined by chance, rather than a guaranteed reward for the purchase.

gift deed | gifting circle

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i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
16:39
im allergic to baby cats >:(
JumpySubsequentDolphin
16:40
I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
16:40
I think he’s haunting me
babycat
16:40
:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
16:43
New Father John Misty album out today
16:44
People saying it’s his best yet by far
babycat
16:45
what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
16:46
Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
16:48
I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
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