MINDTAP BUSINESS LAW FOR MANN/ROBERTS S
MINDTAP BUSINESS LAW FOR MANN/ROBERTS S
17th Edition
ISBN: 9781337094498
Author: Roberts
Publisher: IACCENGAGE
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Chapter 3, Problem 4Q

a)

Summary Introduction

To discuss: Whether person S can sue Company E in a state court.

b)

Summary Introduction

To discuss: Whether person S can sue Company E in federal court.

c)

Summary Introduction

To discuss: Whether person N can sue Company E in a state trail court.

d)

Summary Introduction

To discuss: Whether person N can sue Company E in a federal district court.

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Sam Simpleton, a resident of Kansas, and Nellie Naive, a 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 Stockbrokers and would like to sue Evil for fraud. Assuming that no Federal question is at issue, assess the accuracy of the following statements: a. Simpleton can sue Evil in a Kansas State trial court. b. Simpleton can sue Evil in a Federal district court in Kansas. c. Naive can sue Evil in a Missouri State trial court. d. Naive can sue Evil in a Federal district court in Missouri.
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