What Are the Grounds for Trying a Case in a Federal

question 2

Multiple Choice

What are the grounds for trying a case in a federal court?

• A) State crimes and diversity of citizenship
• B) Only diversity of citizenship cases involving $50,000 or more
• C) Federal issues and diversity of citizenship
• D) Bankruptcy and state crimes

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Definitions:

Asset Purchase

The buying of a company's assets instead of its stock, typically used in acquiring specific aspects of a business.

Department Of Justice

The U.S. federal executive department responsible for the enforcement of the law and administration of justice.

SEC

The U.S. Securities and Exchange Commission, a federal agency responsible for enforcing federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other related activities.

Criminal Violations

Criminal violations are actions or conduct that break the law and are punishable by the state, including both misdemeanors and felonies.