A Judge Can Take Judicial Notice of Facts That Are

question 21

True/False

A judge can take judicial notice of facts that are known solely to the judge.

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Definitions:

Net Market Value

The amount that could be obtained from selling an asset in the market after deducting any selling costs or liabilities.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Provisions

Liabilities of uncertain timing or amount, set aside for future expenses or liabilities.

Timing

Refers to the selection of specific times for events to occur, which can influence the efficiency and effectiveness of operations, investments, and financial reporting.