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An asset's tax adjusted basis is usually greater than its book-adjusted basis

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Joe, a Massachusetts citizen (from the Eastern District of Massachusetts), is in a car accident with two other cars while driving in Canada. Joe sues the drivers of the two other cars, Dina (from the Southern District of New York) and Devin (from Canada). Joe files suit in the S.D.N.Y. Joe alleges damages in excess of $75,000. Where would venue be proper?A.The Southern District of New York.B.Canada.C.Eastern District of Massachusetts.D.A and B.E.There is no available venue under these facts.

Aladdin and Jafar get into a tank accident. Jafar sues Aladdin, arguing that Aladdin was negligent for drinking and operating the gun turret at the same time when the turret swung around and hit Jafar's tank. The parties file cross motions for summary judgment. Aladdin argues that he has witnesses who can testify that he had nothing to drink that day, and Jafar cites two witnesses who claim they did see Aladdin drinking. At the end of the summary judgment hearing, the judge says he is convinced Aladdin was driving his tank negligently, but dismisses the case for lack of subject matter jurisdiction. Aladdin then sues Jafar for defamation. Jafar goes on national tv claiming that Aladdin was drinking and driving his tank when he collided into him. In the second case, Jafar files a motion for partial summary judgment arguing that issue preclusion prevents Aladdin from arguing that he was not driving his tank negligently in light of what the judge said in the first case. True or false, Aladdin is issue precluded?A.TrueB.False

Case 1: Jay-Z (New York) refuses to hire Taylor Swift (Tennessee) for his new record label, Brennan records. Swift has him served process in Memphis, Tennessee while visiting the city for a three-week business trip and vacation. Swift brings a Tennessee Reverse Discrimination claim in Tennessee federal court for $75,000 and alleges Jay-Z will defend on the grounds that the First Amendment in the federal constitution gives him a freedom of association right to hire whomever he pleases. Jay-Z files a motion to dismiss for subject matter jurisdiction, which is denied. At trial, he prevails on the merits. Swift appeals on the grounds that the court lacked jurisdiction, but the appeal fails. Case 2: Swift sues in New York federal court, bringing a Tennessee Reverse Discrimination Act claim again, alleging $80,000 in damages.Was the court in case #1 a court of competent jurisdiction?A.Yes.B.No.

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