If the Defense Introduces Evidence on the Basic Fact in Order

question 5

Multiple Choice

If the defense introduces evidence on the basic fact in order to establish a conclusive presumption, the prosecution should:

• A)disprove the basic fact.
• B)disprove the presumed fact.
• C)disprove either the basic fact or the presumed fact.
• D)ask that the jury be instructed that presumptions cannot be used in criminal cases.

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Definitions:

Effective Interest Rate

The real rate of interest earned or paid on an investment, loan, or other financial product, accounting for the effects of compounding.

Bank Discounts

An interest deduction from the face value of a note, payable by the borrower at the time a loan is issued.

Reversing Entry

An accounting method used to reverse the impact of certain journal entries made in the previous accounting period for the sake of simplicity in future record keeping.

Interest Accrued

The accumulated interest on a loan or bond that has not yet been paid to the lender.