Hubert Lawyer has received a $10,000 security retainer from Cindy Client. Hubert gives you the money and tells you to deposit it. You 85) ______
A) should open a special savings account for this client's money so that the money earns interest.
B) should deposit the $10,000 in the general operating account because the money belongs to Hubert.
C) should deposit the $10,000 in the client trust account to draw against for future legal fees.
D) should deposit $9000 in the client trust account and $1000 in the firm's general operating account so that the initial costs of the case (filing fees, etc.) may be paid.
Correct Answer:
Verified
Q1: Rita Paralegal is interviewing for a job
Q2: Laura Lawyer 's client Curtis brought a
Q3: Patty Paralegal's job requires her to call
Q4: Lara Lawyer's standard advertising says: "Contingency fee
Q5: Louise Lawyer's contract for personal injury claims
Q7: Rhonda Lawyer has agreed to take on
Q8: Clara Client has just been presented with
Q9: Lauren Lawyer's best friend has become Lauren's
Q10: Client Carl is reviewing the representation agreement
Q11: Juno's case has just been settled and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents