When a Court Has Power Over the Person Who Is

question 121

Multiple Choice

When a court has power over the person who is the defendant of a lawsuit, it is called:

• A) in rem jurisdiction
• B) quasi in rem jurisdiction
• C) in personam jurisdiction
• D) concurrent jurisdiction
• E) none of the other choices are correct

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Definitions:

Form 1099-DIV

A tax form issued by banks and financial institutions to investors who receive dividends and distributions from any type of investment during a calendar year.

Dividends

Payments made by a corporation to its shareholders out of its profits or reserves.

Tax-exempt Interest

Interest income that is not subject to federal income tax, such as that earned from certain municipal bonds.

Interest on a Savings Account

The amount paid by a bank or financial institution to depositors for holding money in a savings account.