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2. Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the local offices in
2. Jack Thomas, who live in Minnesota, and Sandy Silver, who live in Oklahoma, each purchased $92,000 worth of securities at the local offices in their home states from Comprehensive Financial Stockbrokers, Inc. Comprehensive is incorporated in Maryland with its principal place of business in Minnesota. Jack and Sandy feel they were a victim of fraud perpetrated by Comprehensive and would like to sue. These two cases deal only with state issues. Discuss the accuracy of the following statements: a. Thomas is able to sue Comprehensive in a Minnesota state trial court. Please explain. b. Thomas can sue Comprehensive in a federal district court in Minnesota. Please explain. c. Silver can sue Comprehensive in an Oklahoma federal district court. Please explain. Submit Assignment Homework assignment for week 3. All of the questions are multiple choice. Your answer to each question should include just the correct choice (the letter) for the question. Do not include the question or explanation in your answer. 1. In addition to the four basic requirements of a contract, which of the following must also occur in order to have a valid contract? a. The agreement must always be in writing. b. The contract terms must be fundamentally fair to both parties. c. There must be an absence of invalidating conduct. d. A legal remedy must be available for there to be a breach
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