Which of the Following Statements About Subject Matter Jurisdiction Is

question 22

Multiple Choice

Which of the following statements about subject matter jurisdiction is true?

• A) A state court will have subject matter jurisdiction over any case that is based on state law and where the parties are from the same state.
• B) The state court will have subject matter jurisdiction over any case where the amount in controversy is at least $1 million.
• C) The state court provides a neutral forum, with an appointed, life-tenured judge and a wider pool of potential jurors.
• D) In diversity cases, state law will be used as the basis for a determination of legal rights and responsibilities.
• E) If a defendant wants to be in state court and there is diversity, he has to make a motion for removal to the federal court.

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Definitions:

Long-term

Refers to holding investments or assets for a duration typically exceeding one year.

Capital Structure

The composition of a firm's financing through a combination of debt and equity.

Funds

Financial resources that are set aside for a specific purpose or investment, including both publicly traded funds and private investments.