Case Summary: The Company S sold two containers of latex gloves to the company M, located in North Carolina. The company M failed to make the payment of $104,000 and was thus sued by the company S in the Illinois court. The judgment came against the company M. Then, an argument was put forth by the company M that it does not have minimum contact with the state of Illinois because North Carolina is its principal place of business and it is incorporated under its law. So, the judgment of the Illinois on the basis of personal jurisdiction is invalid.
To Explain: The argument of the company M was sufficient to prevent the judgment of Illinois.
Trending nowThis is a popular solution!
Chapter 2 Solutions
Bundle: The Legal Environment Of Business: Text And Cases, 10th + Mindtap Business Law, 1 Term (6 Months) Printed Access Card
- What is depreciation, and why do companies apply it to fixed assets? Discuss at least two methods of calculating depreciation and how they affect a company’s financial reporting over time. Need answerarrow_forwardWhich account is not closed at the end of an accounting period? Consider typical accounts maintained in the general ledger. (A) Sales (B) Wages Expense (C) Capital (D) Rent Revenue HELParrow_forwardCurrect answerarrow_forward
BUSN 11 Introduction to Business Student EditionBusinessISBN:9781337407137Author:KellyPublisher:Cengage Learning
Essentials of Business Communication (MindTap Cou...BusinessISBN:9781337386494Author:Mary Ellen Guffey, Dana LoewyPublisher:Cengage Learning
Accounting Information Systems (14th Edition)BusinessISBN:9780134474021Author:Marshall B. Romney, Paul J. SteinbartPublisher:PEARSON
International Business: Competing in the Global M...BusinessISBN:9781259929441Author:Charles W. L. Hill Dr, G. Tomas M. HultPublisher:McGraw-Hill Education