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Bright-line test: Difference between revisions
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always uttered in the negative — i.e., “sadly, there’s no [[bright line test]]” — a [[bright line test]] is a [[Metaphysics|metaphysical]] concept that does not exist as a matter of {{tag|US law}}. It is a [[US attorney]]’s means of evading any responsibility for anything she says or does, instantly rendering any [[legal opinion]] she may have written to you totally worthless. | always uttered in the negative — i.e., “sadly, there’s no [[bright line test]]” — a [[bright line test]] is a [[Metaphysics|metaphysical]] concept that does not exist as a matter of {{tag|US law}}. It is a [[US attorney]]’s means of evading any responsibility for anything she says or does, instantly rendering any [[legal opinion]] she may have written to you totally worthless. | ||
===Usage=== | |||
“There is no [[bright line test]] in the rules, and consequently there is always a potential risk that regulators might be [[inclined]] to take the view that your good faith practice on which your firm designed its implementation was not compliant” .... HEY! WAKE UP! | |||
{{seealso}} | |||
{{dramatis personae}} | {{dramatis personae}} | ||