Law > QUESTIONS & ANSWERS > THE LEGAL ENVIRONMENT OF BUSINESS CHAPTER 2 QUESTIONS WITH CORRECT ANSWERS (All)

THE LEGAL ENVIRONMENT OF BUSINESS CHAPTER 2 QUESTIONS WITH CORRECT ANSWERS

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judicial review Correct Answer The process by which courts decide on the constitutionality of legislative enactments and actions of the executive branch jurisdiction Correct Answer The authority of... a court to hear and decide a specific action. Literally means "the power to speak the law" in personam jurisdiction Correct Answer Court jurisdiction over the "person" involved in a legal action; personal jurisdiction in rem jurisdiction Correct Answer Court jurisdiction over a defendant's property long arm statute Correct Answer a state statute that permits a state to obtain personal jurisdiction over nonresident defendants. A defendant must have "minimum contacts" with that state for the statute to apply probate courts Correct Answer a state court of limited jurisdiction that conducts proceedings relating to the settlement of a deceased person's estate bankruptcy courts Correct Answer a federal court of limited jurisdiction that handles only bankruptcy proceedings. Bankruptcy proceedings are governed by federal bankruptcy laws In both the federal and the state court systems, a court's subject-matter jurisdiction can be limited by any of the following: Correct Answer 1) The subject of the lawsuit. 2) The sum in controversy. 3) Whether the case involves a felony (a more serious type of crime) or a misdemeanor (a less serious type of crime) 4) Whether the proceedings are a trial or an appeal federal question Correct Answer A question that pertains to the U.S. Constitution, acts of Congress, or treaties. A federal question provides a basis for federal jurisdiction. diversity of citizenship Correct Answer Under Article III, Section 2, of the Constitution, a basis for federal court jurisdiction over a lawsuit between (1) citizens of different states, (2) a foreign country and citizens of a state or of different states, (3) citizens of a state and citizens or subjects of a foreign country. The amount in controversy must be more than $75,000 before a federal court can take jurisdiction in such cases. Federal courts have subject-matter jurisdiction in two situations: Correct Answer when a federal question is involved and when there is diversity of citizenship [Show More]

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