Lora Files a Suit in Michigan Against Ned Over the Ownership

question 61

Multiple Choice

Lora files a suit in Michigan against Ned over the ownership of a boat docked in a Michigan harbor.Lora and Ned are residents of Ohio.Ned could ask for a change of venue on the ground that Ohio

• A)has a sufficient stake in the matter.
• B)has jurisdiction.
• C)has sufficient minimum contacts with the parties.
• D)is a more convenient location to hold the trial.

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Definitions:

Promissory Note

A legal instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

Primary Liability

Primary liability pertains to the direct and immediate obligation to fulfil a financial commitment or compensate for a loss.

Negotiable Instrument

A negotiable instrument is a written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payee able to transfer the instrument to another party.

Drawee

The party, usually a bank, upon whom a check or draft is drawn and is responsible for paying the specified amount of money to the holder.