Which Kind of Property Could Not Be Subject to in Rem

question 151

Multiple Choice

Which kind of property could not be subject to in rem jurisdiction?

• A) real estate
• B) an automobile
• C) stock or bonds issued by a company
• D) furniture
• E) all of the other choices could be subject to in rem jurisdiction

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Definitions:

Retained Earnings

The portion of net income left over for the business after it has paid out dividends to its shareholders, often reinvested in the business.

Partial Equity Method

An accounting practice used for recording investments, where only part of the investment income is recorded in proportion to ownership, distinct from the full equity method.

Net Income

The total revenue minus expenses, taxes, and costs, representing the profit of a business over a period of time.