Question
Jack Thomas, a resident of Minnesota, purchased $92,000 worth of securities at the local office of Comprehensive Financial Stockbrokers, Inc. Comprehensive was incorporated in Maryland
Jack Thomas, a resident of Minnesota, purchased $92,000 worth of securities at the local office of Comprehensive Financial Stockbrokers, Inc. Comprehensive was incorporated in Maryland and has its principal place of business in Minnesota. Jack felt that he was a victim of fraud perpetrated by Comprehensive and would like to sue. This case dealt only with state issues. Discuss the accuracy of the following statements:
a. Jack is able to sue Comprehensive in a Minnesota state trial court. Please explain.
b. Jack can sue Comprehensive in a federal district court in Minnesota. Please explain.
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Business Law in Canada
Authors: Richard A. Yates, Teresa Bereznicki Korol, Trevor Clarke
11th Canadian edition
134312112, 133847136, 978-0134312118, 978-0133847130
