What kind of information must be included in a business record for it to meet legal requirements?

For a business record to meet legal requirements, it is essential that it contains information that is regularly created as part of business activity. Legal standards, such as those outlined in the hearsay rule exceptions, stipulate that for a business record to be admissible in court, it must be made at or near the time of the event by someone with knowledge, in the ordinary course of business, and it must be a regular practice of that business to create such records.

This requirement ensures that the records are considered reliable and trustworthy since they reflect the routine operations of the business. Regularly generated records are seen as more likely to be accurate due to consistent practices and foreseeable oversight in their creation. This consistency fosters a greater degree of confidence in the integrity of the information presented within these records during legal proceedings.

Other provided choices do not align with these legal criteria. For instance, including only financial data would limit the scope of useful information, while personal opinions of employees do not reflect business activities and thus do not contribute to the authenticity or reliability of business records. Additionally, information that is singular in nature may not be representative of regular business practices, which undermines the reliability necessary for such records to be admitted as evidence.