Exam 1: Managing Your Legal Affairs

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Clients who believe that they have suffered financial loss due to their lawyer's misconduct should not procrastinate as limitation periods will exist.

(True/False)
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Provide three examples of issues that ought to be addressed in a business person's code of ethics.

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Provincial law societies

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Why is it unnecessary (and undesirable) for a client to seek legal advice for every decision she must make?

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Sophisticated clients never conduct legal research on their own, but always seek advice from a lawyer.

(True/False)
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Sophisticated clients understand that success depends on good business decisions, and good business decisions depend on appropriate information (including legal information).

(True/False)
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How has the lawyer-client relationship been affected by computers and the Internet?

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Sophisticated clients who are starting a business should

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Outline the steps of the law society's typical complaint-resolution process.

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Given the growing complexity of the law and the consequence that more lawyers specialize, a business person might have multiple lawyers.

(True/False)
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It is always wise to retain legal counsel when you are facing criminal charges.

(True/False)
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The Canadian Bar Association is

(Multiple Choice)
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When is the fixed fee method of billing most often used?

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Which of the following statements regarding retainers is false?

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Why should a code of business conduct be used by a small business?

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Legal fees

(Multiple Choice)
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When making significant business decisions, when should business people consult their lawyers?

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What is "duty counsel"?

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Duty counsel are typically available

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The Canadian "Code of Professional Conduct" for business people

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