Examlex
A business airplane exchanged for a fleet of trucks, all used for the delivery of manufactured goods, is a qualifying like-kind exchange.
Federal Question Jurisdiction
This refers to the authority of United States federal courts to hear cases that involve federal laws, the U.S. Constitution, or treaties.
Original Jurisdiction
The power to decide a case as a trial court.
Diversity Jurisdiction
A principle in federal jurisdiction in the United States allowing federal courts to hear lawsuits involving parties from different states or countries where the matter in controversy exceeds a statutory amount.
Exclusive Jurisdiction
The sole authority of a particular court or legal body to hear and decide on cases within a specific area of law or geographic location.
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