Which of the Following Is True of in Rem Jurisdiction

question 18

Multiple Choice

Which of the following is true of in rem jurisdiction?

• A) It allows courts to exercise jurisdiction over residents of its geographic area.
• B) It allows courts to exercise jurisdiction over property that is located within its boundaries.
• C) It is a limitation on the types of cases a court can hear.
• D) By using a long-arm statute, a court can exercise personal jurisdiction over nonresidents.

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Definitions:

Stock Dividends Distributable

It represents the shares that are due to shareholders as a dividend but have not yet been distributed.

Retained Earnings

The accumulated portion of net income that a company decides to keep, rather than distributing among shareholders as dividends, to finance investment or pay off debt.

Common Shares

Equity securities representing ownership interests in a corporation, providing voting rights and entitling shareholders to a share of the company's profits via dividends.

Share Capital

The total amount of funds raised by a company through the issuance of shares to shareholders, representing ownership in the company.