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Question
Sue, a resident of the New York state, was visiting her aunt in Iowa. While there, her car was hit by a drunken driver named Jerry, a resident of Iowa. Sue was injured in that accident. Which of the following actions can Sue take in this scenario?A) Sue can sue Jerry and bring the case to Iowa state court, provided that the dollar amount of the controversy exceeds $75,000.
B) Sue can file a case against Jerry in the New York state court, as she is a resident of that state.
C) Sue can file a case against Jerry only in the Iowa state court, as this is a matter that involves state negligence law.
D) Sue can sue Jerry and bring the case to Iowa federal court, as this is a case that involves diversity of citizenship.
Answer
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Related questions
Q:
Which of the following is true of a fully disclosed agency?
A) The third party does not know the identity of the principal.
B) The third party knows the name of the principal but all transactions are done with the agent.
C) The contract is between the principal, agent, and the third party.
D) The principal is liable on the contract with a third party.
Q:
The ________ is a principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.
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A) duty to indemnify
B) duty to account
C) duty to reimburse
D) duty to notify
Q:
Which of the following is an instance of misuse of confidential information?
A) An agent gives the seller the principal's name and phone number in a fully disclosed transaction.
B) A principal gives the contact details of an agent to a third-party without the agent's knowledge.
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Which of the following is a course of action for a principal if an agent is found competing with him or her?
A) The principal can recover damages from the agent if the competition continues after the agency has ended.
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C) The principal has the option of buying the agent's competing venture.
D) The principal is not allowed to recover lost sales due to the agent's competing venture.
Q:
A power of attorney where a principal confers powers on an agent to act in specified matters on the principal's behalf is referred to as a(n) ________.
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Q:
The agent's actions–not the principal's–create an apparent agency.
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A power of attorney gives an agent the power to sign legal documents on behalf of the principal.
Q:
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Q:
Which of the following is true of an apparent agency?
A) The authority of an apparent agent is implied from the conduct of the parties.
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Q:
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Q:
Which of the following is true about a special power of attorney?
A) It is an implied form of power of attorney.
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Q:
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A) agent
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Q:
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A) loss or destruction of the subject matter of the agency
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Defendants cannot assert a due diligence defense against liabilities arising from the violation of Section 11 of the Securities Act of
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The issuer is permitted to assert a due diligence defense against the imposition of Section 11 liability.
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Q:
What is insider trading? How is it regulated in the United States?
Q:
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A) Section 5 of the Securities Act of 1933
B) Section 12 of the Securities Act of 1933
C) Section 16(b) of the Securities Exchange Act of 1934
D) SEC Rule 10b5-1
Q:
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A) Sharon Muller, an editor who was tipped by her friend to buy shares of KYU Corp.
B) Robert Morgan, an employee who owns ten percent of all equity security of KYU Corp.
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D) Kate Harris, a legal consultant to KYU Corp.
Q:
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Q:
Which of the following is an example of insider trading?
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Q:
In order to be found guilty for violation of Rule 10b-5, intentional conduct (scienter) must be proven.