With regard to the internet, which of the following statements is true?
◦ Judicial action is allowed only if the person being sued is a resident of that jurisdiction.
◦ Determining where an action should be brought has not presented any legal problems.
◦ A major problem is to determine what laws apply to the internet and internet transactions.
◦ Regulatory steps have been taken to overcome all problems associated with jurisdictional issues.
◦ Valid laws apply to the internet, and there have been no difficulties in determining what laws apply to the internet and internet transactions.