Examlex
What are estimated liabilities? Cite at least two examples and explain why they are classified as estimated liabilities.
Long Arm Statutes
These are laws that give a state the authority to exercise jurisdiction over individuals or businesses that do not reside in the state but have conducted activities within the state that caused harm.
Minimum Contacts
A legal standard determining whether a court has jurisdiction over a defendant, based on the defendant's connections to the area where the court is located.
In Rem Jurisdiction
The power of a court over the property or status of an out-of-state defendant located within the court’s jurisdiction area.
Property
Legal rights or interests in the ownership and usage of land, objects, intellectual properties, or other possessions.
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