________ Refers to Statements Made Spontaneously by Anyone at the Time

question 2

Short Answer

________ refers to statements made spontaneously by anyone at the time of an alleged negligent act.

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Definitions:

Permanently Restricted Endowment

A type of endowment fund that a donor restricts in perpetuity; the principal cannot be spent, but the investment earnings can be used for designated purposes.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Physical Assets

Tangible or material assets owned by an individual or company, such as buildings, machinery, or land.

Uniform Prudent Management

This term refers to the guidelines and principles for managing nonprofit and trust assets responsibly and prudently, ensuring that they are used effectively to fulfill the organization's mission.