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BUSFIN 3500 IRVINE MIDTERM COMPREHENSIVE EXAM 2026 QUESTIONS AND ANSWERS GRADED A

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BUSFIN 3500 IRVINE MIDTERM COMPREHENSIVE EXAM 2026 QUESTIONS AND ANSWERS GRADED A

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Institution
BUSFIN 3500
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BUSFIN 3500

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Uploaded on
January 20, 2026
Number of pages
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Written in
2025/2026
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BUSFIN 3500 IRVINE MIDTERM
COMPREHENSIVE EXAM 2026 QUESTIONS
AND ANSWERS GRADED A+

◉ Plaintiff. Answer: the person a court acquires in personam
jurisdiction over when she files a lawsuit with court


◉ Defendant. Answer: the person the plaintiff is suing


◉ Complaint. Answer: specifies the factual and legal basis for the
lawsuit and the relief the plaintiff seeks.


◉ Summons. Answer: court order that notifies the defendant of the
lawsuit and explains how and when to respond to the complaint


◉ Service of Process. Answer: the procedure by which courts
present these documents to defendants


◉ Personal Service. Answer: An officer of the court hands the
summons and complaint to the defendant

, ◉ Long-arm statutes. Answer: enable the court to serve defendants
outside the state as long as the defendant has sufficient minimum
contacts within the state and it seems fair


◉ In rem jurisdiction. Answer: Idaho courts have this over the
property thus they have to power to seize the property and sell it to
pay the property taxes in an in rem proceedings


◉ Quasi in rem jurisdiction. Answer: attachment jurisdiction; gained
over a defendant't property unrelated to the plaintiff's claim


◉ Subject-Matter Jurisdiction. Answer: a court's power to hear
certain kinds of cases. Most industrialized countries have a single
court system, with courts that have the power to hear both national
law cases and local law cases


◉ Venue. Answer: determines which trial court in the system will
hear the case. It is a matter of geographic location determined by
each state's statutes


◉ Standing, Case or Controversy, and Ripeness. Answer: Before a
case makes it to court, it must meet these 3 requirements to ensure
that courts hear only cases that genuinely require adjudication
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