Instant Messages and Text Messages Can Become Evidence in Court

question 115

True/False

Instant messages and text messages can become evidence in court cases and lawsuits.

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Definitions:

Disclosure Requirements

These are legal or regulatory stipulations that mandate the release of financial and other significant information by a company to its stakeholders.

Net Realisable Value

The estimated selling price of an asset in the ordinary course of business minus any costs of completion, transportation, and selling.

Estimated Selling Costs

Expenses projected to be incurred in the process of selling an asset, which may include legal fees, marketing, and commissions that reduce the total gains from the sale.