Courts Are Developing a Sliding-Scale Standard to Determine When the Exercise

question 117

Multiple Choice

Courts are developing a sliding-scale standard to determine when the exercise of jurisdiction over an out-of-state party based on ______is proper.

• A) property within the state
• B) Internet business contacts
• C) subject matter
• D) place of residence

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Definitions:

Quick Assets

Assets that can be quickly converted into cash without significantly affecting their value, such as stocks and receivables.

Current Liabilities

Current liabilities are a company's debts or obligations that are due to be paid within a year, including accounts payable, short-term loans, and accrued expenses.

Debt to Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Total Liabilities

The total of all financial obligations a company owes to outside parties, including debts, accounts payable, and other obligations.