This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain when an attorney must use a client trust account. What is the paralegal's role? Explain what ... (Read 23 times)

Melani1276

  • Hero Member
  • *****
  • Posts: 516
on: Aug 3, 2018
Explain when an attorney must use a client trust account. What is the paralegal's role? Explain what the repercussions are to the attorney who fails to properly use a client trust account.
 
  Ans?

Question 2

A large card inserted in the filing cabinet in the place of a temporarily removed file is called:
 
  a. A retainer
  b. An out folder
  c. An out card
  d. None of these choices are correct


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Aug 3, 2018
Answer to Question 1

Funds received from clients as retainers, as well as any funds received on behalf of a client (such as a payment to a client to settle a lawsuit), are placed in a special bank account. This account is usually referred to as a client trust account (or escrow account). It is extremely important that the funds held in a trust account be used only for expenses relating to the costs of serving that client's needs.
Paralegals who handle a client's trust account should be especially careful to document their use of the funds to protect themselves and the firm against the serious problems that may arise if there are any problems with the account.
Misuse of client funds constitutes a breach of the firm's duty to its client. An attorney's personal use of the funds, for example, can lead to disciplinary action and possible disbarment, as well as criminal penalties. Commingling (mixing together) a client's funds with the firm's funds also constitutes abuse and is one of the most common ways in which attorneys breach their professional obligations.

Answer to Question 2

C


Melani1276

  • Member
  • Posts: 516
Reply 2 on: Aug 3, 2018
Wow, this really help

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

The role of cell-signalling proteins in the morphology of birds' feet. The role of cell-signalling proteins in the morphology of birds' feet.
Role of CD23 on epithelial cells in the pathogenesis of food allergic disease. Role of CD23 on epithelial cells in the pathogenesis of food allergic disease.
Client on IV patient-controlled analgesia (PCA). Client on IV patient-controlled analgesia (PCA).
The nurse applies a pulse oximeter sensor on the client’s finger. The nurse applies a pulse oximeter sensor on the client’s finger.
The nurse uses a noninvasive bladder ultrasound to measure the client’s bladder volume. The nurse uses a noninvasive bladder ultrasound to measure the client’s bladder volume.
The Role of the Monosynaptic Stretch Reflex in Postural Control The Role of the Monosynaptic Stretch Reflex in Postural Control
Video: Glucagon (glycogenolysis and gluconeogenesis)

For a complete list of videos, visit our video library