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Dumping Act.A federal antidumping law requiring the Secretary of the Treasury to notify the U.S. International Trade Commission (USITC) whenever the Secretary determines that goods are likely to be sold abroad at less than their fair value, so that the USITC can take appropriate action. 19 USCA § 1673. [Cases: Customs Duties    21.5. C.J.S. Customs…

dumping.  1.  The  act  of  selling  a  large  quantity  of  goods  at  less  than  fair  value.  2.  Selling goods abroad at less than the market price at home. See ANTIDUMPING LAW. [Cases: Customs Duties    21.5. C.J.S. Customs Duties §§ 135–152.] “Dumping involves selling abroad at a price that is less than the price used to…

dump,vb.1. To drop (something) down, esp. in a heap; to unload. 2. To sell (products) at an extremely low price; specif., to sell (products) in a foreign market at a lower price than at home. [Blacks Law 8th]

dum  non  fuit  compos  mentis  (d<<schwa>>m  non  fyoo-it  kom-p<<schwa>>s  men-tis), n.[Law Latin  “while  he  was  of  unsound  mind”]  Hist. A writ allowing  heirs  to  recover  an  estate transferred by someone of unsound mind. [Blacks Law 8th]

dummy shareholder.See SHAREHOLDER. [Blacks Law 8th]

dummy director.See DIRECTOR. [Blacks Law 8th]

dummy corporation.See CORPORATION. [Blacks Law 8th]

dummy,adj. Sham; make-believe; pretend <dummy corporation>. dummy,n.1.  A  party  who  has  no  interest  in  a  transaction,  but participates to  help  achieve  a legal  goal.  2.  A  party  who  purchases  property  and  holds  legal  title  for  another.  Cf.  STRAW MAN(3). [Blacks Law 8th]

dummodo   vassalli   conditio   non   sit   deterior   (d<<schwa>>m-<<schwa>>-doh   vas-<< schwa>>-lI  k<<schwa>>n-dish-ee-oh  non  sit  di-teer-ee-or).  [Law  Latin]  Hist.  Provided  the vassal’s condition be not made worse. • The phrase was used as a limitation in a conveyance. See DUMMODO. [Blacks Law 8th]

dummodo      constet      de      persona      (d<<schwa>>m-<<schwa>>-doh      kon-stet      dee p<<schwa>>r-soh-n<<schwa>>).  [Latin]  Hist.  Provided  it  be  evident  who  is  the  person  meant. See CONSTAT DE PERSONA. [Blacks Law 8th]