Lacey Files a Suit in Michigan Against Ned Over the Ownership

question 28

Multiple Choice

Lacey files a suit in Michigan against Ned over the ownership of a boat docked in a Michigan harbor.Lacey 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:

Tax Purposes

The reason or need to undertake specific actions or record transactions in a certain way to comply with tax laws.

Operating Lease

A contract that allows for the use of an asset but does not transfer ownership rights of the asset.

Maintains

The act of keeping equipment, systems, or processes in a state of effectiveness or efficiency through regular upkeep and repairs.

CRA

Canada Revenue Agency, the federal agency that administers tax laws for the Government of Canada and for most provinces and territories.