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A quasi in rem legal action (Latin, "as if against a thing") is a legal action based on property rights of a person absent from the jurisdiction.In the American legal system the state can assert power over an individual simply based on the fact that this individual has property (bank account, debt, share of stock, land) in the state.
Harris v. Balk, 198 U.S. 215 (1905), was a United States Supreme Court case that exemplified the idiosyncratic types of jurisdiction state courts (and therefore plaintiffs) could assert through quasi in rem actions before International Shoe's (1945) [1] "minimum contacts" test replaced Pennoyer's (1878) [2] principles of "power and notice".
In rem jurisdiction ("power about or against 'the thing ' " [1]) is the power a court may exercise over property (either real or personal) or a "status" against a person over whom the court does not have in personam jurisdiction. Jurisdiction in rem assumes the property or status is the primary object of the action, rather than personal ...
in personam: in person Used in the context of "directed at this particular person", refers to a judgement or subpoena directed at a specific named individual. Cf. in rem. in pleno: in full in propria persona: in one's own person Said of one who represents themselves in court without the [official] assistance of an attorney. in re: in the matter ...
Economic events are considered as processes of creation, motion and distribution of value that is firstly measured as exchange value.The factor interpretation of the exchange value, accepted by Econodynamics, is based on the Smith-Marx's labour theory of value, according to which efforts of workers are the most essential production factor.
Pennoyer v. Neff, 95 U.S. 714 (1878) was a decision by the Supreme Court of the United States in which the Court held that a state court can only exert personal jurisdiction over a party domiciled out-of-state if that party is served with process while physically present within the state.
Labor-power might be seen as a stock which can produce a flow of labor. Labor, not labor power, is the key factor of production for Marx and the basis for earlier economists' labor theory of value. The hiring of labor power only results in the production of goods or services ("use-values") when organized and regulated (often by the "management ...
The Austrian economist Eugen von Böhm-Bawerk argued against both Adam Smith's labor theory of price and Marx's theory of exploitation. On the former, he contended that return on capital arises from the roundabout nature of production, which necessarily involves the passage of time.