Examlex
Criminal appeals are generally routine because they seldom raise meritorious issues (Primus, 2007; Wold & Caldeira, 1980) . Current standards of effective assistance of counsel often force lawyers to appeal, no matter how slight the odds of appellate court reversal. As a result, a significant number of criminal appeals lack substantial merit. For example, of the roughly 5,125 written dispositions in criminal appeals filed by defendants in the California Court of Appeals in 2010, the court reversed only 226 (4%) convictions (Judicial Council of California, 2011) . Why do criminal appeals rarely succeed? First, the appellate standards of review applicable to most decision-making during criminal trials are highly deferential to trial court outcomes (Primus, 2007) . Second, appellate courts often find that no reversible error was committed during the trial court proceedings.
-Why do appellate courts often find no reversible error was committed during the trial court proceedings?
Fair Value
The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants.
Note Payable
A written promise to pay a specific amount of money, usually including interest, by a certain date or upon demand.
Management Fees
Charges levied by managers of investment funds or other managed investment schemes for administering investment funds.
Comprehensive Income
The total change in equity for a reporting period other than from transactions with owners, encompassing all revenues, gains, expenses, and losses.
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