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LSDefine

Simple English definitions for legal terms

transaction cost

Read a random definition: impropriation

A quick definition of transaction cost:

Transaction cost refers to the expenses or fees associated with a business transaction, such as the cost of hiring a broker or the time and effort spent on negotiating a deal. It can also include the cost of resolving disputes through litigation. Essentially, it is any cost incurred in the process of conducting a business transaction.

A more thorough explanation:

Definition: A cost associated with a process transaction, such as a broker's commission, the time and effort expended to arrange a deal, or the cost involved in litigating a dispute.

Example: When buying or selling a house, there are transaction costs involved such as real estate agent commissions, legal fees, and appraisal costs. These costs are not included in the price of the house but are necessary expenses to complete the transaction.

Explanation: Transaction costs are the expenses incurred during the process of buying or selling goods or services. These costs are not included in the price of the product or service but are necessary expenses to complete the transaction. The example of buying or selling a house illustrates how transaction costs can add up and impact the overall cost of the transaction.

transaction causation | transaction-or-occurrence test

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@texaslawhopefully: aw im sorry to hear tht. i also rsn out of messages AGAIN AND I JUST GOT HERE...im asking cuz i cant find something on the app tht i thought maybe one of yall knew.
@ImpartialLion: yeah, that does sound good. I'm sure will get a II soon
mine was very generic and we have similar numbers
babycat
16:02
I like that Chicago specifically says don't recite shit from our website
I'm hoping so. I feel like my PS might've been too personal or too whiney. I feel like it either hits or totally whiffs depending on who reads it
UVA loved it, but HLS and Chicago don't seem to love it as much
hey UVA hates me, so the process is fairly random
babycat
16:04
end of cycle everyone posts their PS
It's so random.
babycat
16:04
it's like flashing
@babycat: FRRR
Create a google folder and throw that shit in
I will probably add a link to all my materials end of cycle
I never thought about it but I think I will too
16:05
GULC would be about 5:30 right
JumpySubsequentDolphin
16:08
if washu admissions emails me one more time i might delete my lsac account
Dkk
16:08
Lol, the Cornell waitlist wave. Get fucked.
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
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