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LSDefine

Simple English definitions for legal terms

marketability

Read a random definition: business judgment rule

A quick definition of marketability:

Marketability: The likelihood of being able to sell something, like a product or service, at a certain time, price, and under certain conditions.

A more thorough explanation:

Definition: Marketability refers to the ability of a product, service, or asset to be sold in a given market at a specific time, price, and terms. It is the likelihood of finding a buyer for a particular item or service.

Examples:

  • A house located in a desirable neighborhood with good schools and amenities has high marketability.
  • A new smartphone with advanced features and a competitive price has high marketability.
  • A rare antique with limited demand and a high price has low marketability.

The examples illustrate how marketability is affected by various factors such as location, features, demand, and price. A product or asset that meets the needs and preferences of the target market and is priced competitively is more likely to have high marketability. On the other hand, an item that is too expensive, lacks demand, or has limited appeal may have low marketability.

market | marketability test

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Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
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