Which of the following statements is true of the damages experts in litigation?
A) An economic expert relies on the opinions of those who establish the facts of the damages claim, who in turn relies on the opinions of those who establish the parameters of the damages.
B) The primary role of an economic expert in a damages claim is to establish the facts of the damages claim to define the nature and extent of the injury.
C) The economic expert has to rely solely on his own technical knowledge and skills in determining the damages as other experts can be biased by personal interests.
D) An economic expert is often the last witness to testify in a damages claim.
Question 2
The entry to reimburse the Petty Cash Fund includes a
a. credit to Petty Cash Fund.
b. debit to Cash.
c. credit to Accounts Payable.
d. debit to Petty Cash Fund.
e. debit to various accounts upon which the money was spent.
