Civil Cases Involving the Citizens of More Than One State

question 62

Multiple Choice

Civil cases involving the citizens of more than one state and in which more than $75,000 is at stake

• A)must always be heard in federal district court.
• B)must always be heard in a state court.
• C)must always be heard in the U.S.Supreme Court.
• D)may be heard in either the federal or the state courts,usually depending on the preference of the plaintiff.

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Definitions:

Future Value

The value of an investment or cash flow at a specified date in the future, adjusted for interest or return.

Asset-backed Commercial Papers

Short-term investments secured by bundled assets, like loans or receivables, allowing companies to finance these assets.

Investors

Individuals or entities that allocate capital with the expectation of achieving a future financial return.

Securities

Assets which embody either ownership in a stock of a company available to the public, a lending relationship with a government or corporate entity through bonds, or claims to ownership via options.