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David Wallace, a resident of Idaho, and Catherine Davis, a resident of Arizona, each bought $90,000 worth of bonds at local offices in their home states from Premier Brokerage, Inc. Premier, Inc is incorporated in New York with its principal place of business in Idaho. Both Wallace and Davis believe that they were cheated by Premier and would like to sue it for fraud. There are no federal question is at issue in this case, explain the accuracy of the following statements:
1. Wallace can sue Premier in an Idaho state trial court. Please explain.
2. Wallace can sue Premier in a federal district court in Idaho. Please explain.
3. Davis can sue Premier in a federal district court in Arizona. Please explain.
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