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LSDefine

Simple English definitions for legal terms

risk-benefit test

Read a random definition: Twenty-second Amendment

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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