A Long-Arm Statute Is A

question 157

Multiple Choice

A long-arm statute is a:

• A) federal law to allow regulatory agencies to sue foreign businesses in federal court
• B) state law that permits its courts to reach beyond state lines for jurisdiction over non-residents defendants
• C) state law that allows plaintiffs to force defendants to come to a state for purpose of serving process
• D) federal law that allows plaintiffs to force defendants to come to the U.S. for purposes of serving process
• E) none of the other choices are correct

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Definitions:

Statement of Stockholders' Equity

A financial statement that shows changes in the value of a company's shareholders' equity over a specific period through items such as net income, dividend payments, and share repurchases.

Common Stock

A type of security that represents ownership in a corporation, giving holders a share of the profits in the form of dividends.

Revenues

Income that a company receives from its normal business activities, typically from the sale of goods and services to customers.

Financing

The means by which companies or governments raise funds for their activities, by issuing debt, equity, or other financial instruments.