3.03.110 Admissibility of Business Records

(a) The term "business" shall include every kind of business, profession, occupation, calling, or operation of institutions whether carried on for profit or not.

(b) A record of an act, condition, or event, insofar as relevant, shall be competent evidence if the custodian or other qualified witness, who has personal knowledge of such an act, event, or condition, testifies to its identity and the mode of its preparation, and if it was made in the regular course of business, at or near the time of the act, condition, or event, or within a reasonable time thereafter and if, in the opinion of the court, the sources of information, method, and time of preparation were such as to justify its admission.

(c) Evidence of the absence of a memorandum or record of an asserted act, event, or condition from the memoranda of a business is admissible as tending to prove the non-occurrence of the act or event or the non- existence of the condition in that business, if the Court finds that it was the regular course of that business to make such memoranda of all such acts, events, or conditions at the time thereof or within a reasonable time thereafter, and to preserve them.