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LSDefine

Simple English definitions for legal terms

marketability test

Read a random definition: rule of right

A quick definition of marketability test:

Marketability Test: A rule in mining law that requires a person to prove that they can extract and sell the minerals they claim on federal land at a profit. This means that there must be a big enough market for the mineral at the time of discovery to attract someone who is reasonably smart and careful.

A more thorough explanation:

The marketability test is a principle in mining law that requires a person to demonstrate that they can extract and sell a mineral from a mining claim on federal land at a profit. This test also requires that there is a large enough market for the mineral at the time of discovery to attract the efforts of a reasonably prudent person.

For example, if someone discovers a gold deposit on federal land, they must show that they can extract the gold and sell it at a profit. They must also demonstrate that there is a large enough market for gold to attract the efforts of a reasonably prudent person. If they cannot meet these requirements, they will not be able to obtain a patent on the mining claim.

Another example could be a person discovering a deposit of a rare mineral used in the production of electronics. They must show that they can extract the mineral and sell it at a profit. They must also demonstrate that there is a large enough market for the mineral to attract the efforts of a reasonably prudent person.

These examples illustrate how the marketability test ensures that mining claims are only granted to those who can extract and sell minerals at a profit, and that there is a viable market for the mineral at the time of discovery.

marketability | marketable-product rule

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(idk anything about arabic dialects lmao)
@JumpySubsequentDolphin: I appreciate the vote of confidence
JumpySubsequentDolphin
22:58
@shaquilleoatmeal: I HAAATE JABID
shaquilleoatmeal
23:03
Lmaooo why that song is mad catchy
JumpySubsequentDolphin
23:04
they’re so icky
JumpySubsequentDolphin
23:04
mahrajan shabab falastin - such a weird song
shaquilleoatmeal
23:04
Duly noted 🫡
shaquilleoatmeal
23:05
Put me on some good music then
23:06
How does that video have 290M views it looks like it was shot on a budget of $2 and a bottle of Coke
shaquilleoatmeal
23:07
Do you listen to saint levant? That’s a dude who can speak 5 languages lmao
shaquilleoatmeal
23:07
lol back in the day that’s how videos were made and it was pure gold
23:08
Levantine truly is the best one day I’ll find the will to learn Arabic and I’ll go with Levantine
23:10
my friend from college learned arabic and she became fluent and spent a semester doing independent study in jordan. i thought that was cool
JumpySubsequentDolphin
23:11
@shaquilleoatmeal: wea’youneha by sana moussa is the song i have reserved for my wedding
JumpySubsequentDolphin
23:12
@shaquilleoatmeal: he’s a douche but his music can be fairly catchy
JumpySubsequentDolphin
23:12
@renard99: yes I’m loving the Levantine love!! and @eggan v cool Amman is one of my fave places
shaquilleoatmeal
23:16
Send me a link - I get a couple mixed results when I search
shaquilleoatmeal
23:17
Nvm I found it
shaquilleoatmeal
23:20
Sounds like someone’s playing the qanun?
JumpySubsequentDolphin
23:23
perhaps
JumpySubsequentDolphin
23:23
the lyrics are chefs kiss
shaquilleoatmeal
23:29
Tell me what it translates to tomorrow, I gotta sleep, Laylah sa'eedah 😴
JumpySubsequentDolphin
23:31
tusbihun ‘ala khair
HELLO ALL
whos awake \
JumpySubsequentDolphin
23:42
hi SPLITTY!!!
HIII DOLPHYY
stanford finally sent me a status checker tomight
do yall know if "Your file has been submitted for review" just means under review
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