2 Which equitable maxim favors those who exercise caution in pursuing their claims and disfavors those who rest on their legal rights by failing to act to protect their rights in a reasonable period of time? Equity aids the vigilant Perhaps the most universal of the maxims is the notion that the law favors those who exercise vigilance in pursuing their claims and disfavors those who rest on their legal rights by failing to act to protect their rights in a reasonable period of time
3The state trial court in Nevada has issued a decision in which a party has been found guilty of fraud. Should a case arise in the future with the same basic fact situation, Nevada courts will be bound by precedent to follow the reasoning and decision of this prior decision. False
It is important to remember that state trial court decisions are binding only on the parties involved in the dispute. Trial court decisions do not set precedent for future disputes or parties. Only appellate-level courts set precedent.
4Courts use a two-prong test to determine whether it has personal jurisdiction over an out-of-state defendant. Which of the following questions is likely to be asked in the second prong that deals with meeting constitutional requirements of fairness and due process? Does the defendant have some level of minimum contacts with the state
The second prong in the two-prong test ensures that exercising jurisdiction over an out-of-state defendant meets the constitutional requirements of fairness and due process. Courts examine two questions in this analysis: First, does the defendant have some level of minimum contacts with the state? Second, has the defendant purposefully availed