A Witness with Proper Credentials Can Be Received as an Expert

question 49

True/False

A witness with proper credentials can be received as an expert, may testify based on personal knowledge, and may respond to hypothetical questions that assume the existence of facts the evidence tends to establish.

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Definitions:

Notes Receivable

Claims against others for money, goods, or services evidenced by notes, promises to pay, or receipts.

Bad Debt Expense

An expense recognized by businesses for accounts receivable that are not expected to be collected.

Credit Basis

The terms and conditions under which credit is extended by a lender to a borrower, including repayment schedules and interest rates.

Operating Expense

Expenses incurred during the normal operation of a business, excluding costs related to production or direct services.