Which of the following is false with regards to contingency fee agreements? O Clients may...

50.1K

Verified Solution

Question

Accounting

imageimageimage

Which of the following is false with regards to contingency fee agreements? O Clients may use contingency fee agreements for criminal cases. The lawyer will collect his or her fees from the settlement proceeds or amount collected from the court judgment Clients who have little or no money to pursue a court action do not have to borrow money to pay a lawyer's fees. If the client does not succeed in his or her claim, the client does not pay any lawyer's fees. O The client need not provide a monetary deposit (retainer) at the beginning of the lawyer-client relationship. Law Societies provide a complaints resolution process for clients who believe that a lawyer has acted contrary to the public interest, the interests of the client, or for other valid reasons. In some rare circumstances, the complaint has to proceed to a formal hearing before a law society decision-making panel. If this process occurs, which one of the following remedies cannot be invoked by the panel hearing the complaint? O Fines payable by the lawyer O Suspension or reprimand of the lawyer O Costs of the hearing be paid by the lawyer O Disbarment of the lawyer O Compensation for the client For which of the following reasons should good business practice require the assistance of a lawyer? O Businesspeople seek ways to avoid liability and this is the only reason why lawyers are consulted. O Lawyers make more money from businesspeople. O Businesspeople must go to lawyers because it is not possible to conduct legal research without lawyers. o As businesspeople face new challenges, they can gain insight from lawyers. O People often make fun of lawyers but businesspeople know better

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students