B & B, Inc

question 30

Multiple Choice

B & B, Inc.is incorporated in Delaware, but it has its principal place of business in Minnesota.It does much of its business in California.For purposes of diversity of citizenship, B & B is a resident of:

• A) Delaware.
• B) Minnesota.
• C) Both Delaware and Minnesota.
• D) Delaware, Minnesota, and California.

---

Definitions:

Remedies

Legal means or measures available to a party to enforce a right or redress a harm or violation.

Specific Performance

A legal remedy requiring a party to fulfill their exact obligations under a contract, rather than simply providing monetary damages for failure to do so.

Lien

A legal right or claim against a property by a creditor to ensure the payment of a debt.

Rescission

The revocation of a contract or agreement.