Laura Lawyer 's client Curtis brought a check for $2000 to Laura as an advance payment retainer. Laura instructs you to include the payment in Curtis's fee agreement and put this money in the firm's General Operating Account. You 86) ______
A) should put this money in the trust account so that it can be drawn against as the firm incurs costs and fees on behalf of Curtis.
B) should put this money in the trust account because it belongs to the client until it is earned.
C) can do this because an advance payment retainer is considered earned when Laura receives it. No part of the money belongs to the client so it does not have to be put in the Trust Account.
D) should deposit this check but make no note of it in the fee agreement because it is not proper to make this sort of note in a fee agreement.
Correct Answer:
Verified
Q1: Rita Paralegal is interviewing for a job
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
Q6: Hubert Lawyer has received a $10,000 security
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