Exam 1: Managing Your Legal Affairs

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Which of the following statements best describes solicitor-client privilege?

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D

How does a contingency fee agreement potentially benefit a client?

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The client does not need to pay any legal fees unless and until a settlement or judgment is recovered. Without contingency fee arrangements, some clients would not be able to afford a lawyer at all.

How has the lawyer-client relationship been affected by computers and the Internet?

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There is now an abundance of legal information accessible to non-lawyers, making it possible for non-lawyers to conduct some legal research without the assistance of a lawyer.

Core ethical values, and their supporting ethical principles, should be used as the basis for a business code of conduct.

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Which of the following statements regarding retainers is False?

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The time and cost to be incurred by hiring a lawyer is irrelevant. It is always worthwhile to get legal advice from a lawyer.

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Sophisticated clients

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Compliance with a code of ethics in an organization is unrelated to whether or not top management practices ethical behaviour.

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Which of the following statements is most accurate?

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

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Ethical behaviour implies integrity, honesty, and professionalism.

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When making significant business decisions, when should business people consult their lawyers?

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Which of the following is not a good reason for a business person to seek advice from a lawyer?

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Having a good lawyer on your team is

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In making business decisions involving legal issues, sophisticated clients will tend to complete some research of the relevant law on their own.

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If a businessperson cannot find important legal information or cannot understand the information which is found, what should be done?

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A provincial law society

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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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When searching online for legal information, it is best to

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Why might a business person have more than one lawyer?

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