Discuss the need for and significance of a long-arm statute.
What will be an ideal response?
In most states, a state court can obtain jurisdiction in a civil lawsuit over persons and businesses located in another state or country through the state's long-arm statute. These statutes extend a state's jurisdiction to nonresidents who were not served a summons within the state. The nonresident defendant in the civil lawsuit must have had some minimum contact with the state such that the maintenance of that lawsuit in that state does not offend traditional notions of fair play and substantial justice. The exercise of long-arm jurisdiction is generally permitted over nonresidents who have (1) committed torts within the state (e.g., caused an automobile accident in the state), (2) entered into a contract either in the state or that affects the state (and allegedly breached the contract), or (3) transacted other business in the state that allegedly caused injury to another person.
You might also like to view...
The debt ratio indicates:
a. the ability of the firm to pay its current obligations. b. the efficiency of the use of total assets. c. the magnification of earnings caused by leverage. d. a comparison of liabilities with total assets. e. none of the answers are correct.
A company purchased mining property for $1,837,500 containing an estimated 7,350,000 tons of ore. When mining is complete, the property will have no salvage value. In Year 1, it mined and sold 857,000 tons of ore. Calculate the depletion expense for Year 1 and prepare the journal entry to record the depletion.
What will be an ideal response?
A Totten trust is considered a tentative trust because a trustee can add or withdraw funds from the trustee's account
Indicate whether the statement is true or false
An employer's interference with the employee's right to bargain collectively is not an unfair labor practice
a. True b. False Indicate whether the statement is true or false