Question 1

Why might a businessperson have more than one lawyer?

Accepted Answer

Given the growing complexity of the law,

Question 2

Which of the following statements is true?

Accepted Answer

A)  It is a popular misconception that legal services can be very costly. 
B)  Some people don't retain lawyers even when they need them because they are afraid of the cost. 
C)  All lawyers bill clients on an hourly basis. 
D)  It is considered unprofessional to raise the issue of fees during a consultation with a lawyer. 
E)  Lawyers should always be retained, regardless of the cost. 
A)  It is a popular misconception that legal services can be very costly. 
B)  Some people don't retain lawyers even when they need them because they are afraid of the cost. 
C)  All lawyers bill clients on an hourly basis. 
D)  It is considered unprofessional to raise the issue of fees during a consultation with a lawyer. 
E)  Lawyers should always be retained, regardless of the cost.

Question 3

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

Accepted Answer

A) True 
 B)False

Question 4

If you believe that you have suffered a financial loss because of your lawyer's misconduct,

Accepted Answer

A)  you should wait as long as possible before you proceed. 
B)  you should have the matter reviewed by a taxation or assessment officer. 
C)  you may be compensated by the bar association at the end of their investigation. 
D)  you may need to seek legal advice from another lawyer. 
E)  you will automatically be awarded compensation by the provincial law society at the end of their hearing. 
A)  you should wait as long as possible before you proceed. 
B)  you should have the matter reviewed by a taxation or assessment officer. 
C)  you may be compensated by the bar association at the end of their investigation. 
D)  you may need to seek legal advice from another lawyer. 
E)  you will automatically be awarded compensation by the provincial law society at the end of their hearing.

Question 5

Which of the following does NOT represent a core ethical value identified by the Josephson Institute for Ethics?

Accepted Answer

A)  respect 
B)  fairness 
C)  courage 
D)  caring 
E)  citizenship 
A)  respect 
B)  fairness 
C)  courage 
D)  caring 
E)  citizenship

Question 6

Having a good lawyer on your team is

Accepted Answer

A)  usually too expensive to be worthwhile. 
B)  only necessary for large companies. 
C)  a good alternative to becoming a sophisticated client. 
D)  a legal requirement prior to incorporating a business. 
E)  a critical component of being a sophisticated client. 
A)  usually too expensive to be worthwhile. 
B)  only necessary for large companies. 
C)  a good alternative to becoming a sophisticated client. 
D)  a legal requirement prior to incorporating a business. 
E)  a critical component of being a sophisticated client.

Question 7

Which of the following statements best describes the difference between law and ethics?

Accepted Answer

A)  Ethics tells us what we must do; law tells us what we should do. 
B)  Law tells us what we must do; ethics tells us what we should do. 
C)  Law and ethics are interchangeable. 
D)  If a person acts unethically, he has broken the law. 
E)  A person need not worry about acting legally, as long as she acts ethically. 
A)  Ethics tells us what we must do; law tells us what we should do. 
B)  Law tells us what we must do; ethics tells us what we should do. 
C)  Law and ethics are interchangeable. 
D)  If a person acts unethically, he has broken the law. 
E)  A person need not worry about acting legally, as long as she acts ethically.

Question 8

In addition to legal fees,what other costs is a client responsible for paying?

Accepted Answer

Disbursements (out-o

Question 9

Why should a business owner not assume that legal aid will be available to him or her?

Accepted Answer

A business owner is usually no

Question 10

Ethics depends on a person's conscience,rather than on what the law says.

Accepted Answer

A) True 
 B)False

Question 11

What is a code of business conduct?

Accepted Answer

A formal statement adopted by a company

Question 12

If you collect money as a result of a settlement or judgment obtained through the assistance of legal aid,you will

Accepted Answer

A)  probably have to repay some or all of the legal aid benefits you received. 
B)  probably be ineligible to enforce the settlement or judgment if the debtor refuses to pay. 
C)  probably be able to keep the full amount of the settlement of judgment. 
D)  be required to turn the amount of the settlement or judgment over to legal aid. 
E)  be required to turn the amount of the settlement or judgment over to the court. 
A)  probably have to repay some or all of the legal aid benefits you received. 
B)  probably be ineligible to enforce the settlement or judgment if the debtor refuses to pay. 
C)  probably be able to keep the full amount of the settlement of judgment. 
D)  be required to turn the amount of the settlement or judgment over to legal aid. 
E)  be required to turn the amount of the settlement or judgment over to the court.

Question 13

When is the fixed fee method of billing most often used?

Accepted Answer

For specific tasks,s

Question 14

Explain what makes someone a "sophisticated client."

Accepted Answer

A sophisticated client is someone who un

Question 15

A sophisticated client

Accepted Answer

A)  does not require the services of a lawyer. 
B)  understands the importance of the solicitor-client relationship. 
C)  distrusts and derides lawyers. 
D)  is someone with formal legal training. 
E)  should represent him- or herself, rather than paying for legal services. 
A)  does not require the services of a lawyer. 
B)  understands the importance of the solicitor-client relationship. 
C)  distrusts and derides lawyers. 
D)  is someone with formal legal training. 
E)  should represent him- or herself, rather than paying for legal services.

Question 16

Provide three examples of conduct that fail to meet the standards of professional responsibility for lawyers.

Accepted Answer

There are numerous possible responses.Ex

Question 17

When is a contingency fee agreement most often used?

Accepted Answer

In persona

Question 18

Complaints made to the provincial law society regarding a lawyer's conduct may result in a hearing.This hearing

Accepted Answer

A)  results in compensation being paid to the client who made the complaint. 
B)  involves the testimony of witnesses and the entering of other evidence. 
C)  is held in the absence of legal counsel. 
D)  is held before a superior court judge. 
E)  can result in a finding of misconduct, although the law society does not have the power to impose penalties. 
A)  results in compensation being paid to the client who made the complaint. 
B)  involves the testimony of witnesses and the entering of other evidence. 
C)  is held in the absence of legal counsel. 
D)  is held before a superior court judge. 
E)  can result in a finding of misconduct, although the law society does not have the power to impose penalties.

Question 19

In the lawyer-client relationship,the decision maker is the lawyer,not the client.

Accepted Answer

A) True 
 B)False

Question 20

Distinguish between law and ethics.

Accepted Answer

Law tells us what we

Why might a businessperson have more than one lawyer?

Which of the following statements is true?

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

If you believe that you have suffered a financial loss because of your lawyer's misconduct,

Which of the following does NOT represent a core ethical value identified by the Josephson Institute for Ethics?

Having a good lawyer on your team is

Which of the following statements best describes the difference between law and ethics?

In addition to legal fees,what other costs is a client responsible for paying?

Why should a business owner not assume that legal aid will be available to him or her?

Ethics depends on a person's conscience,rather than on what the law says.

What is a code of business conduct?

If you collect money as a result of a settlement or judgment obtained through the assistance of legal aid,you will

When is the fixed fee method of billing most often used?

Explain what makes someone a "sophisticated client."

A sophisticated client

Provide three examples of conduct that fail to meet the standards of professional responsibility for lawyers.

When is a contingency fee agreement most often used?

Complaints made to the provincial law society regarding a lawyer's conduct may result in a hearing.This hearing

In the lawyer-client relationship,the decision maker is the lawyer,not the client.

Distinguish between law and ethics.

Introduction to the Legal System

The Resolution of Disputesthe Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contractconsensus and Consideration

The Elements of a Contract capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal, and Intellectual Property

Information Technology and the Internet

Sales and Consumer Protection

Priority of Creditors

Filters

Exam 1: Managing Your Legal Affairs

Why might a businessperson have more than one lawyer?

Which of the following statements is true?

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

If you believe that you have suffered a financial loss because of your lawyer's misconduct,

Which of the following does NOT represent a core ethical value identified by the Josephson Institute for Ethics?

Having a good lawyer on your team is

Which of the following statements best describes the difference between law and ethics?

In addition to legal fees,what other costs is a client responsible for paying?

Why should a business owner not assume that legal aid will be available to him or her?

Ethics depends on a person's conscience,rather than on what the law says.

What is a code of business conduct?

If you collect money as a result of a settlement or judgment obtained through the assistance of legal aid,you will

When is the fixed fee method of billing most often used?

Explain what makes someone a "sophisticated client."

A sophisticated client

Provide three examples of conduct that fail to meet the standards of professional responsibility for lawyers.

When is a contingency fee agreement most often used?

Complaints made to the provincial law society regarding a lawyer's conduct may result in a hearing.This hearing

In the lawyer-client relationship,the decision maker is the lawyer,not the client.

Distinguish between law and ethics.

Introduction to the Legal System

The Resolution of Disputesthe Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contractconsensus and Consideration

The Elements of a Contract capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Employment

Agency and Partnership

Corporations

Real, Personal, and Intellectual Property

Information Technology and the Internet

Sales and Consumer Protection

Priority of Creditors

Filters