Business incorporated in delaware


Assignment:

Sam Simpleton, a resident of Kansas, and Nellie Naive, a resident of Missouri, each bought $85,000 in stock at local offices in their home states from Evil Stockbrokers, Inc. (Evil), a business incorporated in Delaware with its principal place of business in Kansas. Both Simpleton and Naive believe that they were cheated by Evil and would like to sue it for fraud. Assuming that no federal question is at issue, assess the accuracy of the following statements:

a. Simpleton can sue Evil in a Kansas state trial court.
b. Simpleton can sue Evil in a federal district court in Kansas.
c. Naive can sue Evil in a Missouri state trial court.
d. Naive can sue Evil in a federal district court in Missouri.

Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.

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Business Law and Ethics: Business incorporated in delaware
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