Long-Arm Statutes

question 114

Multiple Choice

Long-arm statutes:

• A)give state courts automatic jurisdiction over out-of-state defendants.
• B)have been ruled unconstitutional.
• C)are simply procedural statutes that still require minimum contacts for use.
• D)None of the above

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Definitions:

Market Value

The existing rate at which a service or asset might be sold or acquired in the market.

Interest Rate

The share of a loan attributed as interest to the borrower, commonly expressed as an annual rate of the outstanding loan amount.

Present Discounted Value

The current value of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The percentage at which interest is paid by borrowers for the use of money they borrow from a lender, or earned by depositors for funds deposited in a bank account.