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Business records are hearsay. 'Hearsay' is normally inadmissible in evidence, but records which meet the definition of business records are admissible notwithstanding that they are hearsay. . . . From a judicial standpoint, a record or data compilation must have four qualities in order to qualify as a business record: It must be made at or near the time of the event that it records; It must be made by or from information transmitted by a person with knowledge of the event; It must be made in the course of a regularly conducted business activity; It must have been the regular practice of that business activity to make a document or data compilation.