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Is there a compilation of things that can be and should be memorized for the LSAT ie trigger words, etc. Also, do people find memorization very helpful? Thanks!

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The only things I would even contemplate memorizing (and some of these should be pretty inherent in your understanding of the English language, especially 2):
1) Conditional logic keywords
2) Premise/conclusion keywords
3) Quantifier combinations
4) Common Describe-question answer choices
5) Common fallacies