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Hal Has Been Charged with Fraud Based on the Bankruptcy

question 20

Multiple Choice

Hal has been charged with fraud based on the bankruptcy he filed for a business he owned. The prosecution has a number of documents it wishes to introduce:
•Numerous invoices itemizing orders taken by the staff at Hal's company. All invoices were printed with sequential numbers but nearly one quarter of them are missing from files in the company's accounting office.
•A promissory note indicating that Hal's company owes the lender $100,000. It appears that the document was altered and the original amount of the loan was $10,000.
•Digital personnel records showing that Hal's company owes its staff $500,000 in back wages
•Handwritten notes found in Hal's office. The notes were apparently made by Hal when discussing his gambling debts. The prosecution wants to show that Hal under-report ed the company's sales in order to qualify for bankruptcy. Can invoices be admitted under the Business Records Exception to the Hearsay Rule for this purpose?

Definitions:

Tender Offer

A corporate finance term referring to an open offer to purchase some or all of shareholders' shares in a corporation at a specific price for a specified time.

Negative Information

Unfavorable data or facts, particularly about a person's credit history or financial status, that can affect their ability to secure loans or credit.

New Corporation

A business entity that has recently been registered and commenced operations, typically characterized by its fresh market entry.

Property

Property is a legally recognized right to possess, use, and dispose of an item, land, or intellectual creation.