For the Attorney-Client Privilege to Be Invoked, the Communication Must

question 31

True/False

For the attorney-client privilege to be invoked, the communication must be made in confidence for the purpose of obtaining legal advice. ​

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Definitions:

CCA Class

Stands for Capital Cost Allowance Class, a categorization in Canadian tax law used to determine the depreciation rate for tax purposes on tangible capital assets.

Book Value

The net value of a company's assets, minus its liabilities and intangible assets, as recorded on the balance sheet.

Depreciated

Describes the reduction in value of an asset over time, often due to wear and tear or obsolescence.

Current

Pertaining to the present time or most recent; also refers to assets and liabilities expected to be used or paid within a year.