Which of the Following Would NOT Be Subject to in Rem

question 116

Multiple Choice

Which of the following would NOT be subject to in rem jurisdiction:

• A) a bank account
• B) a house
• C) a field
• D) shares of stock in a company
• E) all of the other choices would be subject to in rem jurisdiction

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Definitions:

Recorded

The process of documenting financial transactions in the accounting records of an organization.

Adjustment

An accounting action taken to alter financial statements' figures, ensuring they accurately reflect a business's financial status.

Note Receivable

A written promise for amounts to be received by a debtor, typically including interest amounts.

Interest Earned

The income received from investing in interest-bearing financial instruments, such as bonds, loans, or savings accounts.