What Type of Witness Is a Person Who Gives Testimony

question 46

Multiple Choice

What type of witness is a person who gives testimony about a subject of which the witness has personal knowledge?

• A) Expert witness
• B) Lay witness
• C) Hostile witness
• D) Friendly witness

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Definitions:

Restrictive Covenants

Restrictive covenants are terms or conditions included in contracts or agreements that restrict or limit certain actions or behaviors to protect business interests.

Market Interest Rates

The prevailing rates at which interest is paid on borrowings or earned on investments in the financial market.

Call Features

Provisions embedded in financial instruments, like bonds, that allow the issuer to repurchase or redeem the instrument before its maturity date.

Call Penalties

Fees or costs that a borrower must pay a lender for the privilege of paying a loan off earlier than the agreed payment schedule.