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Simple English definitions for legal terms

dumping

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A quick definition of dumping:

Dumping is when a company sells a lot of goods in another country for a price that is lower than what they sell it for in their own country. This can hurt the businesses in the other country because they can't compete with the low prices. To protect their own businesses, some countries have laws that prevent dumping.

A more thorough explanation:

Dumping refers to the act of selling a large quantity of goods at a price that is less than the fair value. This can also occur when goods are sold abroad at a price that is lower than the market price at home.

A company in Country A produces shoes and sells them for $50 per pair. The same company decides to sell the same shoes in Country B for $30 per pair. This is an example of dumping because the shoes are being sold at a price that is less than the fair value.

Another example is when a company in Country C produces steel and sells it for $500 per ton. The same company decides to sell the same steel in Country D for $300 per ton. This is also an example of dumping because the steel is being sold at a price that is lower than the market price at home.

Dumping can harm domestic companies because they cannot compete with the low prices of the foreign goods. To prevent this, some countries have antidumping laws that protect their domestic companies.

dump | dump-truck lawyer

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@georgiapeach88: Where did you transfer from? And why did you transfer?
Oh, I see from your profile: Maryland. Still, why did you transfer?
[] ararara
23:38
Caught the most epic sunset haha I was so high up my ears still haven’t popped
[] ararara
23:38
@georgiapeach88: I actually remember you from some of the first times I was on this site
Just out of curiosity: Do we think it's fair to say that the percentage of users of those site who continue to use it after their 1L starts, for those users who actually went or go to law school, is <1%?
manifestmoreadmissions
11:44
@georgiapeach88: not sure if you're still there but im also curious bout why you transferred, especially since your application says you were eventually admitted to GULC off the waitlist?
BelligerentMagicalWarthog
13:35
do we think GULC is done
KnowledgeableRitzyWasp
17:45
@BelligerentMagicalWarthog: last year they were accepting people off the waitlist from mid june up to a few days before classes start. so just off that and vibes I don't think they're done
Hi Guys
23:06
gulc said they'll get back to me by the week of june 17th
23:06
i hope they give me the a or r. i just want an answer 😭😭
has anyone on GW waitlist heard anything?
KnowledgeableRitzyWasp
23:55
@menherachan: praying for your WL A
0:13
@menherachan: i hope they give u that A as well
tysm! i hope so too lol
Hello everyone. Is it easy to miss important information about your admissions results if you don’t add your law school admission office to your Gmail contact? Did you find any important email from law school in your junk mail?
finna make yo hard times look pretty 😪
i watch my grandpa say penis
hys students when they see the above the law rankings 😪
@BelligerentMagicalWarthog: anecdote but a friend of mine got off the gulc waitlist in July last year
Write a poem rizzing up the admission staff
@Zenaida-Macroura: I got a waitlist on Saturday
Should I email HLS and ask if WL students get merch. They asked for my address for a surprise gift but I haven’t gotten anything
Zenaida-Macroura
8:58
@dusttodiamonds: OMG???
Zenaida-Macroura
8:58
More things to worry about over the weekend nice....
[] ararara
9:15
@Zenaida-Macroura: there’s no reason to worry ☮️ ❤️ but I/we get it! For me I’m super worried about not having any money coming in for a while plus no sugar mommy/daddy (yet!) to take care of me!
[] ararara
9:16
I always think back to when I was anxious waiting for my lsat results one take. I went to the park and a parent let me play with their kid. I fixed his truck and he was hyped! He told me to “have a good time!” when I left haha. He’s our spirit animal!
Zenaida-Macroura
9:33
@ararara: You're so sweet, this is nice to hear ty <3!!!!1
manifestmoreadmissions
9:36
@Zenaida-Macroura: I got admitted to a school on a sunday once
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