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LSDefine

Simple English definitions for legal terms

risk-benefit test

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A quick definition of risk-benefit test:

A risk-benefit test is a way to determine if a product is safe for people to use. It looks at the benefits of a product's design compared to how dangerous it is. If the risks outweigh the benefits, the manufacturer can be held responsible for any harm caused by the product. This test helps ensure that products are safe for people to use.

A more thorough explanation:

The risk-benefit test is a method used to determine product liability on a manufacturer. It is also known as the risk-utility test. This test is used when evidence shows that a reasonable person would conclude that the benefits of a product's particular design versus the feasibility of an alternative safer design did not outweigh the dangers inherent in the original design.

For example, if a car manufacturer designs a car with a faulty brake system that causes accidents, the risk-benefit test would be used to determine if the benefits of the design outweighed the dangers. If it is found that the benefits did not outweigh the dangers, the manufacturer would be held liable for any damages caused by the faulty brake system.

Another example would be a pharmaceutical company that produces a drug with harmful side effects. The risk-benefit test would be used to determine if the benefits of the drug outweighed the risks. If it is found that the risks outweighed the benefits, the company would be held liable for any damages caused by the drug.

risk-averse | risk capital

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Dkk
16:08
That fucking sucks.
snow
16:08
lowkey im going to be optimistic. i just saw that some people applied early sept. and got II for schools in January
@JumpySubsequentDolphin: I've been tempted to put them in spam
snow
16:08
lmaooo dk
dk praying on all our downfall
Dkk
16:09
I hope you guys tell me to eat a dick when I get my R's and WL's.
praying for your success inshallah
Dkk
16:10
I want it to be brutal.
Dkk
16:10
Noooooo
JumpySubsequentDolphin
16:10
@texaslawhopefully: THEY SEND THEM TO YOU EVEN AFTER YOU GOT ACCEPTED???
I've been getting them literally every other day for months now
JumpySubsequentDolphin
16:11
that’s absurd
16:18
does having a masters degree help with getting into law school
16:19
i rly want to get into northwestern or uchicago but im worried about my stats
LSDFan
16:20
you'll get in, calm tf down
16:20
damn
16:21
bro was just asking a question
U have great stats! I wouldn't be too nervous. Did u write why Northwestern and why Chicago?
oh cornells going wl crazy
16:22
having a masters degree is probably a positive, it shows you can do grad level coursework and probably generated a strong rec letter
@RightPlant: you have a great chance at Northwestern!
Chicago, also not a bad chance, but it is more of a crapshoot
Esp since they care more about GPA than LSAT
Would gulc be later tn? I submitted mine mid Oct so don’t think they will get back to me yet
Anyone think au will get back to us tomo?
16:26
I have no clue, I would think it would be later tn based on past waves
radio silence from cornell hey no news is good news ....
gulc was friday last week but i think it was cause of holiday
16:29
genuinely if its not today I WILL crashout.
Dkk
16:29
@jackfrost11770: Cornell had the WL wave!
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