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LSDefine

Simple English definitions for legal terms

marketability test

Read a random definition: natale

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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11:16
@DigiFartHoe: aint no female on earth who types the way u do bro
11:16
@c0bra1: not unless they can extort your rich parents for a donation as they sell them a seat for you
11:16
@c0bra1: you will end up where you are supposed to be, and i am sure that will be somewhere where you are ultimately satisfied
CrappedMyBritches
11:17
Digi fart got that incel rage
CrappedMyBritches
11:17
U can’t fake that belligerence
11:18
@CrappedMyBritches: cynical pizza?
CrappedMyBritches
11:18
Glove 🧤
180letmein
11:18
Wordle 1,382 5/6 ⬜⬜⬜⬜⬜ 🟨⬜⬜⬜⬜ ⬜🟩🟨⬜⬜ 🟨🟩⬜🟩⬜ 🟩🟩🟩🟩🟩
CrappedMyBritches
11:19
Wordle was lowkey hard today
11:20
if my seat was guaranteed they'd probably actually do that lmao Wordle 1,382 4/6 ⬛⬛🟨⬛⬛ 🟨🟩⬛⬛⬛ ⬛🟩⬛🟩🟩 🟩🟩🟩🟩🟩
180letmein
11:20
Anyone wanna play secordle? It's wordle but 16
180letmein
11:20
https://www.sedecordle.com/
11:20
long time no see gloverboy
CrappedMyBritches
11:21
Wow that was the worst connections I’ve ever played
11:21
oh though u were Denny. Long time no see
KirklandEllis
11:21
berkeley
11:21
@llama: aweee, thanks b (: tell that to britches! @mostlylegal tryna tell cobra to be a good goy and accept their labor lot! @britches nice projection, neck bones
11:22
balllls
11:24
@DigiFartHoe: Ok, u caught me red handed, Ill just come out and say it, I be crushin on u mad hard. I think I can fix u. Wat ur weekend look like bby?
11:27
Yeah that is why u stalked me on to counter strike too
11:31
that connections made no sense, digifart your insecurity screams louder than any rant you could type here lmao
11:33
lol no some fuck on counter strike the other day had the super duper rare name of llama (/s) but they was talking law shit and saying and speaking like this dweeb. Ofc i thought "could be lsd llama, probably not"
11:34
it was him actually
That was the llama of lsd fame
11:35
Maybe, maybe not lmfao it is like the name "john" but for slanty eyes. Either way, this homie always @s me even when i am talking to other people. Fook off
11:36
If that scared u, just wait until what happens next week.
11:38
Thank god i aint gonna be dealin wit u fucking losers at law school lmfao
11:39
why do you still type here then?
11:39
Relaxxxxx Im jk, that was not me, but that is a crazy low probability occurrence. I would be spooked too! Im a nice guy irl, dont worry :/
11:40
geeked
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