Which of the Following Is Needed for Diversity-Of-Citizenship

question 44

Multiple Choice

Which of the following is needed for diversity-of-citizenship?

• A) Only that the plaintiff not reside in the same state as the defendant.
• B) Only that the plaintiff reside in the same state as the defendant.
• C) Only that the controversy concern an amount in excess of $75,000.
• D) Only that the controversy concern an amount in excess of $100,000.
• E) That the plaintiff and the defendant reside in different states and that the controversy concerns an amount in excess of $75,000.

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Definitions:

Common Stock

A type of security that signifies ownership within a corporation, known as corporate equity ownership.

Cumulative Feature

A characteristic of preferred stock that entitles shareholders to receive dividends that were omitted in the past before any dividends can be issued to common stockholders.

Preemptive Right

A shareholder's right to maintain their proportionate ownership by buying additional shares before they are offered to the public.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which does not necessarily match the market value.