The Law That Substantially Extends Diversity Jurisdiction in Class Action

question 70

Multiple Choice

The law that substantially extends diversity jurisdiction in class action cases

• A) is the Class Action Fairness Act.
• B) is the State Class Action Limitation Act.
• C) sets the jurisdictional amount for all plaintiffs combined at $10 million.
• D) requires all plaintiffs and defendants to be diverse.

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Definitions:

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its earnings before interest and taxes.

Net Income

The total profit of a company after all expenses, taxes, and costs have been deducted from total revenue.

Income Tax Expense

The amount of money a company or individual owes to the government based on the taxable income for a given period.

Average Collection Period

The average number of days it takes for a business to collect its accounts receivable.