________ refers to jurisdiction to hear a case because of jurisdiction over the property of the lawsuit.
A. In rem jurisdiction
B. Quasi in rem jurisdiction
C. Private jurisdiction
D. In personam jurisdiction
Answer: A
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What will be an ideal response?
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Morr Logistic Solutions Corporation has developed a new forklift-model QY-49-that has been designed to outperform a competitor's best-selling forklift. The competitor's product has a useful life of 10,000 hours of service, has operating costs that average $3.70 per hour, and sells for $109,000. In contrast, model QY-49 has a useful life of 40,000 hours of service and its operating cost is $2.10 per hour. Morr has not yet established a selling price for model QY-49.From a value-based pricing standpoint what range of possible prices should Morr consider when setting a price for QY-49?
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