Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The plaintiff is suing the defendant for misrepresentation, alleging that the defendant claimed his business was valued at $250,000 when he sold it to the
The plaintiff is suing the defendant for misrepresentation, alleging that the defendant claimed his business was valued at $250,000 when he sold it to the plaintiff, but that an appraiser hired by the plaintiff concluded that it was only worth $150,000. At trial, the defen- dant's attorney offers a report prepared by an accountant shortly after the transfer agree- ment was signed. While reports of this kind are not normally prepared by the accountant, he prepared this one as a favor to the defendant. The report contained an extensive analysis of the financial condition of the business and concludes that the value of the business could be placed at $250,000 instead of $150,000. The plaintiff's attorney objects to the introduction of the report as evidence of the value of the business. The court should rule that the report is: (A) Admissible nonhearsay, because the report constituted the opinion of the accountant. (B) Hearsay, but admissible as a past recollec- tion recorded. (C) Hearsay, but admissible as a business record. D) Inadmissible hearsay
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started