Laney Is a Resident of Maine

question 65

Multiple Choice

Laney is a resident of Maine.Delacorte is a Canadian.They dispute the ownership of Petite Isle,an island in North Rapids River on the border between Canada and the United States.The diversity of the parties' citizenship could serve as a basis for

• A)federal jurisdiction.
• B)general jurisdiction.
• C)limited jurisdiction.
• D)universal jurisdiction.

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Definitions:

Sales

The revenue a company earns from selling goods or services over a period.

Unusual Item

A gain or loss in financial statements that is infrequent or uncommon in occurrence.

Corporate Income Tax

Taxes imposed on the income or profit of corporations and other business entities by government authorities.

Outlet Stores

Retail stores that sell products directly from manufacturers at reduced prices, often overstock or discontinued lines.