Asked by Bailey Brewer on Jul 21, 2024
Verified
A Wisconsin bank wants to foreclose on a vacation home located in Petosky, Michigan. The vacation home is owned by a resident of Chicago, Illinois. In this situation, a foreclosure action could be brought in the Michigan state court on the basis of the court's jurisdiction.
A) in personam
B) in rem
C) subject-matter
D) concurrent
In Rem
A legal term referring to a procedure or action directed against property, rather than against a particular person.
Foreclosure Action
A legal process initiated by a lender to repossess and sell a property due to the borrower's failure to meet mortgage agreement terms.
Jurisdiction
The official power to make legal decisions and judgments, often within a specific geographical area or over particular types of cases.
- Determine the distinct kinds of jurisdiction, namely original, appellate, exclusive, and concurrent, and the foundational principles that dictate their governance.
Verified Answer
ER
Elnaz ReyhaniJul 21, 2024
Final Answer :
B
Explanation :
In rem jurisdiction applies because the legal action is directed toward property, in this case, the vacation home located in Michigan. This type of jurisdiction allows the Michigan state court to adjudicate matters related to the property within its territory.
Learning Objectives
- Determine the distinct kinds of jurisdiction, namely original, appellate, exclusive, and concurrent, and the foundational principles that dictate their governance.