The Minimum-Contacts Requirement Is Met If a Corporation Does Such

question 33

True/False

The minimum-contacts requirement is met if a corporation does such substantial business that it is "at home" in a state.

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Definitions:

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property, which serves as collateral for a loan.

Debtor

An individual or entity that owes a debt to another called a creditor, typically arising from a loan or other financial obligation.

Secured Party

A lender or creditor in a secured transaction who has a legal interest or lien on collateral provided by the debtor.

Preferential Payments

Transactions made before a bankruptcy filing where a debtor gives preferential treatment to certain creditors over others.