Sam Simpleton, are sident of Kansas, and Nellie Naive, are resident of Missouri,each bought $85,000 in stock
Question:
Sam Simpleton, are sident of Kansas, and Nellie Naive, are resident of Missouri,each bought $85,000 in stock at local offices in their home States from Evil Stockbrokers,Inc.("Evil"),a business incorporated in Delaware, with its principal place of business in Kansas. Both Simpleton and Naive believe that they were cheated by Evil Stockbroker sand would like tosue Evi lfor fraud.Assuming that no Federal question issue, assess the accuracy of the following statements:
a.Simpleton can sue Evilina Kansas Statetrial court.
b.Simpleton can sue Evilina Federal district court in Kansas.
c.Naive can sue Evilina Missouri State trial court
.d.Naive can sue Evilina Federal district court in Missouri.
The Supreme Court of State A ruled that under the law of State A, pit bull owners must either keep their dogs fenced or pay damages to anyone bitten by the dogs. Assess the accuracy of the following statements -
a. It is likely that the U.S. Supreme Court would issue a writ of certiorari in the" pit bull" case.
b. If a case similar to the "pit bull" case were to come before the Supreme Court of State B in the future, the doctrine of stare decisis would leave the court no choice but to rule the same way as the"pit bull" case.
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts