Police Who Have Probable Cause to Search an Automobile for Illegal

question 52

True/False

Police who have probable cause to search an automobile for illegal substances may also search personal possessions of passengers in the car.

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Definitions:

Principal Amount

The initial size of a loan or an investment, excluding any interest or profit that has been added over time.

Fair Value

The price that would be received for selling an asset or paying off a liability, often the market price for an equity or debt security.

Interest-bearing Note

A debt instrument that requires the issuer to pay the lender interest over the life of the note, in addition to repaying the principal amount at maturity.

Maturity Value

The total amount due to the owner of an investment at the end of its term, including principal and interest.