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Gliding Light, LLC, and Hang Gliders, Inc., are parties to a contract. They subsequently agree that High Riders Inc. should take Gliding Light's place and assume all of its rights and duties under the contract. This is

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A teacher, a citizen of State A, sued a librarian, a citizen of State B, in a state court in State A. The teacher is seeking $100,000 as compensation for tortious injuries allegedly caused by the librarian's negligent acts in State A. The librarian filed a notice of removal in the federal district court of State B. The teacher filed a timely motion to remand to state court.Should the court grant the motion to remand?A No, because the lawsuit was filed in State A, where the teacher is a citizen and the librarian is not.B No, because the federal court has diversity jurisdiction over the parties and the original lawsuit was not filed in State B.C Yes, because the original lawsuit was filed in State A.D Yes, because the federal court does not have personal jurisdiction.
Vivian sues Nicole for trespass. Nicole does not file a motion to dismiss and instead files an answer denying liability. At the close of discovery, Nicole files a motion for summary judgment. At the hearing, Vivian thinks the judge is inclined to rule against her and decides to voluntarily dismiss her case. She files a notice to dismiss her case. Trial has not yet happened. True or false, Vivian can voluntarily dismiss the case without prejudice.
Under a Section 351 transaction, which of the following statements is false regarding holding periods?a)The holding period of stock received in exchange for Section 1231 property begins on the day after the exchange.b)The holding period of stock received in exchange for a capital asset includes the holding period of the property transferred to the corporation.c)The holding period of stock received in exchange for inventory begins on the day after the exchange.d)The corporation's holding period for property acquired in the transfer is the holding period of the transferor.

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