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In New York V

question 277

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In New York v. Burger, a junkyard owner claimed that a New York statute permitting warrantless searches of junkyards was a violation of the 4th Amendment. The Supreme Court held that the statute was:


Definitions:

Fair Value

A financial accounting term referring to the estimated market value of an asset, liability, or company.

Par Value

The nominal or face value of a bond, stock, or other financial instrument, originally intended to be the minimum price at which the securities could be sold.

Consolidated Cash

The total amount of cash held by a parent company and its subsidiaries, presented as a single figure in consolidated financial statements.

Acquisition Transaction

A deal or arrangement in which one company purchases another company or its assets.

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