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Ocean World, a foreign corporation, operates Ocean World Adventure Park in the Dominican Republic (DR). It contracted to buy 12 dolphins from Japan for delivery in the DR. The DR denied a permit to import the dolphins. Ocean World sued various defendants including Columbia University of New York. Suit was filed in Florida, contending that Columbia was "doing business" in Florida through its alumni association and online courses for students. Columbia also owns property in Florida. Ocean World contended that Columbia encouraged the DR to refuse to allow the dolphins to be imported, which was interference with a business relationship. Columbia moved for dismissal for lack of jurisdiction in Florida courts. Should Florida courts have jurisdiction over Columbia? [Trustees of Columbia University v. Ocean World, 12 So.3d 788, Ct. App., Fla. (2009)]
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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