Where a Long-Arm Statute Is Present, a Defendant Need Not

question 38

True/False

Where a long-arm statute is present, a defendant need not have minimum contact with a state for that state's courts to have jurisdiction over the defendant.

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Definitions:

Net Income

The final profit figure for a company, arrived at by subtracting all operational costs and taxes from its total revenue.

Dividends

Funds distributed by a company to its shareholders, typically from the company's earnings.

Gross Margin

Gross margin is the difference between revenue and cost of goods sold (COGS) expressed as a percentage of revenue, indicating the efficiency with which a company produces goods.