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Order my paperYour assignment is to prepare and submit a paper on business environment in arizona. In a business environment the federal court system undertakes cases that fall under the national jurisdiction. Federal state laws have a limited jurisdiction cover when handling cases. The US constitution has specified cases that involve multi-state companies in a business fraud situation. Handling interstate disputes in all relevant fields including company tussles, allocations of contracts are all catered by the federal government (“Federal Courts. State Practice or a Federal Right”, 1917)
Federal laws are formulated to deal with bankruptcy cases. The nature of fraud associated with these cases. Concealment of assets by financial institutions is often the immediate response, thus culprits use fake files in different states. This offense mostly accompanies money laundering, identity theft and public corruption. these crimes are all handled by the federal law (“Bankruptcy. Preferences. Right to Rescind Transaction for Fraud”, 1922)
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