"Self-serving evidence," perhaps owing to its descriptive formulation, 
is a concept much misunderstood. Not infrequently, the term is employed 
as a weapon to devalue and discredit a party's testimony favorable to 
his cause. That, it seems, is the sense in which petitioners are using 
it now. This is a grave error. "Self-serving evidence" is not to be 
taken literally to mean any evidence that serves its proponent's 
interest.29 The term, if used with any legal sense, refers only
 to acts or declarations made by a party in his own interest at some 
place and time out of court, and it does not include testimony that he 
gives as a witness in court.30 Evidence of this sort is excluded on the 
same ground as any hearsay evidence, that is, lack of opportunity for 
cross-examination by the adverse party and on the consideration that its
 admission would open the door to fraud and fabrication.31 In contrast, a
 party's testimony in court is sworn and subject to cross-examination by
 the other party,32 and therefore, not susceptible to an objection on 
the ground that it is self-serving.
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