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LSDefine

Simple English definitions for legal terms

marketability test

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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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JumpySubsequentDolphin
14:41
@llama: i like exclusively wear 18/22 ct yellow gold but id want my wedding band to be platinum so im gonna have to figure out how to make that work
JumpySubsequentDolphin
14:41
the goal is to have a big enough diamond that the band doesn’t show
14:42
just so u guys know diamonds are a scam, very plentiful on earth, much less valuable than silver, plat, gold. junk rock
JumpySubsequentDolphin
14:44
big lab grown fan llama?
14:44
literally just carbon either way. sure they are pretty but they are dependable.
14:46
i appreciate the beauty of both, im just having an autis rant srry
JumpySubsequentDolphin
14:46
lab grown’s not very expensive tho
JumpySubsequentDolphin
14:46
depending on the size i guess
JumpySubsequentDolphin
14:46
more ethical too
there are lab grown diamonds and child labor diamonds
i prefer child labor diamonds for their authenticity
14:49
I only buy real diamonds if i get a polaroid of the child who harvested it to authenticate the rock
14:50
ok players I g2g. but if u want to oogle over some jewelry: https://www.youtube.com/@TraxNYCDiamondJewelry is my favorite
jackfrost11770
14:55
can reddit users please learn that when you post an instagram link it'll share your profile with anyone that opens it
jackfrost11770
14:55
so much self doxxing constantly happening on lsa 💀
16:51
😛
put your tongue away
Dkk
17:38
I buy a bowling ball for my woman when I want their ring size. That's been my strategy in the past.
Dkk
17:40
Oh shit, I posted Instagram here once. I doxed myself then too lmfao.
18:11
when should i hear back if I applied 12/13 to cardozo, st johns, hofstra, nyls, brooklyn, and umiami - anyone else hear back and applied mid december ?
probably like sometime in march
Dkk
19:18
@getmoney: check the charts. We have already given you an answer multiple times.
20:09
relax, what chart
20:29
Go to the school, Hofstra for example. Set the cycle to last year and sort the chart by date submitted. You can see when people who applied in December heard back last cycle
helloo everyone, does someone want to read one paragraph i wrote for GW law for the diversoty statement and tell me if it is good/bad?
In school, I was met with questions like, “Why are Muslim women oppressed?” or “Do you need bodyguards when you travel to Jordan?”
shoudl i keep those questions in there or is too much?
texaslawhopefully
22:44
I would cut the questions and go in media res.
texaslawhopefully
22:45
But, I guess it also depends on what the next few paragraphs are like. I personally am not a fan of rhetorical questions, as they're generally not well done, but they could work.
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