Why Do Courts Need to Accomplish a Service of Process

question 54

Multiple Choice

Why do courts need to accomplish a service of process?

• A)to obtain personal jurisdiction over the plaintiff in a lawsuit
• B)to obtain personal jurisdiction over the defendant in a lawsuit
• C)to obtain jurisdiction to hear a case where the court has jurisdiction over the property in the lawsuit
• D)to obtain jurisdiction over nonresidents who were not served summons within the state

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Definitions:

Foreign Currency

Currency used in international trade and investment, which is different from the domestic currency of the country of operation.

Presentation Currency

The currency in which a company's financial statements are presented, typically the national currency of the country where the company operates.

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically comprising the balance sheet, income statement, and cash flow statement.

Historical Rate

An exchange rate used to convert foreign currency amounts involved in a transaction to the functional currency at the date the transaction occurred.