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The chief reasons for the rule are that out-of-court statements amounting to hearsay are not made under oath and are not subject to cross-examination.

Reference: 
p. 726
Citation Text: 

The chief reasons for the rule are that out-of-court statements amounting to hearsay are not made under oath and are not subject to cross-examination.

Citation Source: 
Black's 1999

A Glossary of Archival and Records Terminology