Admissions of a Party to the Case Are Admissible in Court

question 26

Multiple Choice

Admissions of a party to the case are admissible in court:

• A)Only if introduced by the opposing party
• B)Admissible in civil cases but the Fifth Amendment prohibits their use in criminal trials
• C)Admissible to impeach a party that testifies but not as evidence of guilt
• D)Admissible by either side as long as the statements are documented

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated party at either a fixed or determinable future date.

Maturity Date

The specified date on which the final payment on a loan, bond, or other financial instrument is due and is to be paid in full.

Compound-Interest GIC

A Guaranteed Investment Certificate where the interest is compounded at regular intervals, leading to an increase in the amount earned over time.

Compounded Semiannually

An interest calculation method where the interest is added to the principal twice a year, leading to interest on interest in the subsequent periods.