Which of the following terms means "liability through another person"?
a. Strict/Absolute liability.
b. Vicarious/Imputed liability.
c. Gross liability.
d. Intentional tort.
Answer: b. Vicarious/Imputed liability.
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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.
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Indicate whether the statement is true or false