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Simple English definitions for legal terms

risk-capital test

Read a random definition: consular jurisdiction

A quick definition of risk-capital test:

A risk-capital test is a way to determine if a transaction involves the sale of a security and is subject to securities laws. It is based on whether the seller is asking for money to develop a business venture. Risk distribution is how a legal system decides who should bear the risk of harm in a situation.

A more thorough explanation:

The risk-capital test is a method used to determine whether a transaction involves the sale of a security and is therefore subject to securities laws. This test is based on whether the seller is seeking risk capital to develop a business venture.

If a company is seeking investors to provide funding for a new business venture, the risk-capital test would be used to determine whether the transaction involves the sale of a security. If the company is soliciting risk capital, then the transaction would be subject to securities laws.

Risk distribution is the way in which a legal system assigns responsibility for harm between the person who suffers the loss and the person who caused it.

If a person is injured in a car accident, the legal system will determine who is responsible for the harm and assign liability accordingly. This may involve assigning a percentage of fault to each party involved in the accident, or it may involve holding one party entirely responsible for the harm.

These examples illustrate how the risk-capital test and risk distribution are used to allocate risk and responsibility in different situations.

risk capital | risk factor

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

JupitersMoons

19:22

Though you should look at the alumni and employment outcomes for Seton Hall, they may place more people in NYC than you'd think

ChowieBean

20:10

helloooo

ChowieBean

20:10

alma mater finally gave me aid

noreaster

20:58

When Infinite Jest came out Walter Kirn said, “The competition has been obliterated. It's as though Paul Bunyan had joined the NFL, or Wittgenstein had gone on Jeopardy! The novel is that colossally disruptive. And that spectacularly good.”

DigiFartHoe

22:01

Jesus talk aboot hyperbole, oy

DigiFartHoe

22:01

@JupitersMoons: do not suggest rejected and REJECTED to people lmfao

JupitersMoons

22:07

@DigiFartHoe: true to form, I feel like that's an ice cold take? If someone doesn't want to live somewhere where they have a good offer, and their profile doesn't necessarily indicate that they have gotten into another school in that area they would want to live, retaking and reapplying is an extremely valid option to present to them

llama

22:07

@DigiFartHoe: leave the side tings be, babe, you are off the clock now, they can fend for themselves

JupitersMoons

22:09

If someone decides halfway, or more than halfway into a cycle that they know where they want to live, they didn't apply there, and they don't think the schools they have applied to will get them there, considering if this cycle is for them is an option, no? I've had people tell me to R&R for the exact same wisdom and reasoning, as I am a late applicant who isn't 100% sure that the school they got into is their favorite choice. Knowing that you can R&R is just providing someone with more information so they can make an informed decision, imo

JupitersMoons

22:10

Also, quote where I say they should R&R. I actually went out of my way to look at the school and provide extra information and/or questions to ask that would encourage them not to R&R

JupitersMoons

22:10

smh I need to go home

DigiFartHoe

22:15

@JupitersMoons: most it is just "wait a year to get more money" when if you do a financial analysis you are farrrrrr better off just going

DigiFartHoe

22:15

@llama: so true, bestie

OrganicAcridWizard

22:15

i appreciate u jupiters

OrganicAcridWizard

22:15

I am just trying to make the best decision

JupitersMoons

22:18

@OrganicAcridWizard: ur welcome and as stated previously, not an oracle. Make the decision that you are comfortable with, and what is to happen is to happen. Law school is bound to be an extremely stressful time in your life, and no amount of money will change you being desperately unhappy because of where you geographically reside. If living in NYC will make you happier, I think that is a completely valid reason to R&R. If you're like me, however, and are just desperately afraid of the unknown, get more familiar with the school and the region and the stats and the people. Do research and make it feel less alien to you.

OrganicAcridWizard

22:19

been trying to research. would have about 60k debt minimum from COL, and would need to relocate over 1000 miles

JupitersMoons

22:20

Digi is this forum's equivalent of a troll under the bridge: cranky, gross, and should be widely disregarded. If the pessimism wasn't deterrent enough, the sexism, slurs, and likely fake account should suffice.

OrganicAcridWizard

22:20

but I think I could get to NYC for work from there and no tuition so hey

JupitersMoons

22:22

Literally damn close to same story with me. Huge scholarship, but 2,000 miles. Middle of nowhere school, population 7,000. Have no connections to the state, but hey, they place big law in DC and NY, and are giving me the most bang for my buck right now. I've gotten so much more comfortable with W&L by browsing the subreddit for testimonials, reaching out to current students on LinkedIn, and even making random connections with people in the state.

llama

22:24

Full send it, unless hesitant, imo. Life goes so quick.

llama

22:24

Else R&R but make a plan, determine what is important to you, determine your options, write them down, make a flow chart. U got it

c0bra1

23:24

bello

JupitersMoons

23:51

bello

JupitersMoons

23:51

I am still at work

c0bra1

23:58

who up late refreshing they status checker

JupitersMoons

0:00

me fr

OrganicAcridWizard

0:26

constant

OrganicAcridWizard

0:26

gang fr

JupitersMoons

0:33

when are they gonna let a girl boss go HOME i have work again in TEN AND A HALF HOURS

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