Question 1

Briefly discuss the effects of a limited liability partnership on liability for partners of a firm and the firm itself.

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Question 2

Briefly discuss the concept of professional-client privilege.

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Question 3

Identify specific obligations that apply to a professional as fiduciary.

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Question 4

One example of the recent development of multidisciplinary practices is the combination of lawyers and accountants in one firm.If you were the client of such a firm and felt that you had a good case for suing your accountant for negligence,would you use the services of your regular lawyer,from the same firm,in suing him? Would she be able to act for you,even if you wanted her to? Explain.

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Question 5

Identify the various ways in which a practising lawyer may charge fees for the professional services he or she renders.

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Question 6

Identify the profession where the fiduciary obligation to give independent advice free from self-interest has a distinct meaning and briefly discuss any additional obligations that would apply in to this particular profession.

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Question 7

List the ways in which professionals can manage risk arising from their professional responsibilities.

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Question 8

Identify the profession that has experienced a movement toward client demand for value-based services.Identify and briefly explain the linking process that may allow the client's goal of value-based services to be achieved.

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Question 9

How has the Supreme Court of Canada limited the potential for third-party claims for economic loss (in the Hercules Managements v.Ernst & Young case)?

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Question 10

Explain how professions derive their ability to be self-regulating.Briefly discuss the criticisms of the professional self-regulating model and measures that have been taken to remedy the problem in other common law jurisdictions.

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Quiz 22: Professional Relationships