Voluntary and Knowing Searches Require Neither a Warrant nor Probable

question 48

Short Answer

Voluntary and knowing searches require neither a warrant nor probable cause.

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Definitions:

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.

Book Value

The value of an asset as recorded on the company's balance sheet, calculated as the cost of the asset minus any depreciation.

Outstanding Bonds

Bonds issued by a company that are currently still held by investors and have not yet been redeemed.

Purchase

The act of buying goods or services, typically in exchange for money.