State Courts Have the Power to Hear All Cases Not

question 72

True/False

State courts have the power to hear all cases not within the exclusive jurisdiction of the federal court system.

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Definitions:

Agent's Liability

refers to the legal responsibility an agent holds when acting on behalf of a principal, including obligations and potential damages or losses that occur during the act.

Principal

In financial contexts, the amount of money originally invested or loaned, excluding any interest or profit.

Liability Problem

An issue arising from being legally responsible for something, especially in terms of debts or legal penalties.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with particular responsibilities, common in relationships such as trustee and beneficiary, or agent and principal.