Examlex
According to classical economists,
Diversity Jurisdiction
A legal principle allowing federal courts to hear cases where the parties are from different states or countries and the matter in dispute exceeds a specific monetary threshold.
Damages
Financial compensation awarded to a party in a legal case for losses or injuries suffered due to the actions or negligence of another.
Different States
Refers to distinct regions or territories within a country, especially within the United States, each with its own governance and legal systems.
Exclusive Jurisdiction
The power of a court to adjudicate a case to the exclusion of all other courts.
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