Determine in Which Courts Subject Matter Jurisdiction, Personal Jurisdiction, and Venue

question 56

Essay

Determine in which courts subject matter jurisdiction, personal jurisdiction, and venue exist in the following problems.
a. M, a resident of Wisconsin, and O, a resident of Minnesota, sue Corporations X and Y for industrial injuries amounting to $40,000 for each plaintiff resulting from an accident that occurred in Illinois. X is incorporated in Delaware and Ohio, and Y is incorporated in North Carolina with its principal place of business in Ohio.

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Definitions:

Gross Investment

The total amount spent on purchases of new capital and on replacing depreciated capital within an economy during a specific period.

Depreciation

The process by which the value of an asset decreases over time, often due to wear and tear or obsolescence.

Disposable Income

Income available to an individual or household after accounting for taxes and other mandatory charges, available to spend or save.

Capital Stock

Total assets held by a firm, including buildings, machinery, equipment, and patents, used to produce goods and services.