You live in Arkansas and bank with Big Bank. One day you discover that when you open your most recent bank statement that Big Bank is illegally charging you a service fee every time you check your account balance online. Big Bank has its principal place of business in New York and does not have a physical bank branch in Arkansas. The Arkansas court may exercise personal jurisdiction over Big Bank if:
A. Big Bank is a corporation.
B. Big Bank has minimal contacts with Arkansas.
C. Big Bank meets the state actor requirement.
D. Big Bank charged you more than $25,000 in fees.
E. Big Bank requires arbitration.
Answer: B. Big Bank has minimal contacts with Arkansas.
Business
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The Russian market for imported premium vehicles is exploding as the number of households that can afford luxury products exhibit rapid growth. The luxury cars include all of the following except:
A) Porsche. B) Lexus. C) BMW. D) Rolls-Royce. E) Infiniti.
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