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Simple English definitions for legal terms

transaction cost

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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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Mr. Bad Fumbla
Bag
Dkk
16:01
Commits to kys when I commit to kms the same day. What a crazy november 5th.
[] baddestbunny
16:02
kms isn't even a t50 you should r&r
does anyone ever think about how we have no idea who everyone else here is? like you guys dont know me at all thats so crazy cause i talked to you more than ppl irl today
i'm a hallucination
the hat man
HopefullyInLawSchool
16:03
isnt r&r a t50?
keep popping benadryls and ill stay online
law school chat roulette
[] baddestbunny
16:04
living out the plot of the movie unfriended in the yale invite-only webinar
You were only invited to round out the numbers anyway lol
Dkk
16:05
I'm too old to r&r, just gunna kms rn.
Dkk
16:05
Gotta get this show on the road.
Dkk
16:05
Lmfao
JumpySubsequentDolphin
16:05
washu stop emailing me while I’m waiting for a decision challenge
[] baddestbunny
16:05
I'm not in their webinar I just thought it would be a funny thing to have happen
[] baddestbunny
16:05
bc I have a sense of whimsy and imagination
Ah, youre a worm gorl'
shaquilleoatmeal
16:07
battle of the bunnies
How bout dat ASU wave
letsseehowitgoesnow
16:08
bunny hows it looking out there?
[] baddestbunny
16:08
I just think it's weird when a make a joke about everyone in the yale webinar being tortured by a malevolent spirit and someone says you only got invited to round out the numbers
why
go off queen
[] baddestbunny
16:09
which number am I rounding out? 5'4 women who deserve to be tortured?
someone invited to the yale webinar would get it
[] baddestbunny
16:10
if you don't get invited to the yale webinar canada sends you an email letting u know you qualify for MAID
what's that
Send MA ID
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