Ask Question
9 October, 22:45

Jim, a Connecticut resident, ran a red light while he was vacationing in California and collided with Amanda's car. Amanda suffered extensive injuries from the accident and successfully sued Jim for $200,000 in a California state court. The California court exercised quasi in rem jurisdiction over Jim's California vacation home by seizing it and selling it for $300,000. What must the court do with the excess proceeds?

+1
Answers (1)
  1. 10 October, 01:40
    0
    Answer: The court must return the excess proceeds to Jim.

    Explanation: The excess money left after a property is sold and the debt owe is paid off is termed surplus and it is usually given to the owner of the property sold.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jim, a Connecticut resident, ran a red light while he was vacationing in California and collided with Amanda's car. Amanda suffered ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers