With Regard to Internet Jurisdiction,which of the Following Statements Is

question 40

Multiple Choice

With regard to internet jurisdiction,which of the following statements is true?

• A) Every jurisdiction has a different set of laws, and each internet user should conform to the local laws of each nation, state, or province.
• B) Many jurisdictions have passed long-arm statutes allowing them to take jurisdiction only if the person being sued is a resident of that jurisdiction.
• C) Valid laws apply to the internet, and there have been no difficulties in determining what laws apply to the internet and internet transactions.
• D) Canadian courts are willing to find jurisdiction where there is a degree of interactivity and substantial connection between the act complained of and the province.
• E) Judicial action is allowed only if the person being sued is a resident of that jurisdiction and directly involved.

---

Definitions:

Fair Value

The price achievable in the sale of an asset or required to settle a liability in a seamless transaction with market participants at the date set for evaluation.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of the company's profits and a right to vote on major company decisions.

Acquisition

The process by which one company purchases most or all of another company's shares or assets, gaining control over the acquired company.

Consolidated Retained Earnings

The cumulative amount of profits kept by a company after dividends are paid, as reported in consolidated financial statements that merge the accounts of parent and subsidiary entities.