Multiple Choice
Trust account funds can be used to _______________________.
A) pay for law office rent
B) pay the law office for fees that have now been earned
C) pay for staff payroll if the staff members worked on the client's case
D) make a deposit into the law office operating account if the funds will be repaid
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q20: _ is what a firm actually receives
Q21: Match the followings.
Q22: Lawyers may share fees with other professionals,
Q23: Explain what an IOLTA is.
Q24: Match the followings.
Q26: When drafting an expense budget, such as
Q27: List four examples of acceptable internal controls.
Q28: Law offices must return client funds back
Q29: A draw refers to partners receiving a
Q30: You should always use last year's budget