The Declaration Against Interest Exception to the Hearsay Rule Requires

question 36

Multiple Choice

The Declaration Against Interest Exception to the Hearsay Rule requires that the statement be:

• A)against a pecuniary interest
• B)self-incriminating
• C)invalidates a civil claim
• D)all of these qualify for the Declaration Against Interest Exception to the Hearsay Rule

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Definitions:

Fixed Stream

A Fixed Stream is a type of investment return that provides a consistent, pre-determined series of payments over a specified period of time.

Financial Asset

Any asset that is cash, an ownership interest in an entity, or a contractual right to receive or deliver cash or another financial instrument.

Debt Securities

Financial instruments representing a loan made by an investor to a borrower, typically involving periodic interest payments and the return of the principal at maturity.

Life Insurance Reserves

Funds that life insurance companies are required to set aside to ensure they can meet future obligations to policyholders.