In heavy traffic on Route 66 in Northern Arizona, Arizona re…

In heavy traffic on Route 66 in Northern Arizona, Arizona resident Clark Kent’s vehicle was rear-ended by another driven by Lex Luthor (an Illinois resident). Mr. Kent claimed that Mr. Luthor’s failure to keep a proper lookout and maintain a safe distance between vehicles amounted to negligence. Mr. Kent also claimed that he sustained a torn rotator cuff, which required surgery. Mr. Kent brings suit against Mr. Luthor. Using the fact pattern above, respond to the following question. Assume Mr. Kent’s claimed damages are only $20,000 and both he and Lex Luthor are both Arizona residents, what is one reason he would not be able to bring his suit in Federal Court?

You have just completed transactions in Germany and Japan. Y…

You have just completed transactions in Germany and Japan. You are now holding €2,500,000 and ¥15,000,000 and need to convert to U.S. dollars. Your currency dealer provides these quotations: EUR/USD  0.7455 – .7460 ¥/EUR  167.25 – 167.40 What are your proceeds after conversion?