Explain what IOLTA is and how it works.
What will be an ideal response?
ANS:
IOLTA stands for “Interest on Law Office Trust Accounts.” Banks that participate in the IOLTA program take the interest earned by trust accounts and pay that money to the state IOLTA program, which then uses the funds collected to support legal aid or indigent defense programs in the state.
You might also like to view...
Now assume Bruce is a boxer (a breed of dog). Which of the following statements is true?
a. Nate is not liable for Jermaine's injury because every dog is entitled to one free bite. b. Nate is not liable for Jermaine's injury because a boxer is a domesticated animal. c. Nate is strictly liable for Jermaine's injury. d. Nate is strictly liable for Jermaine's injury only if he had reason to know of Bruce's propensity to bite.
If you are citing a range of section numbers in the CFR, you should use the double (§§) symbol
Indicate whether the statement is true or false
The tracking of time for the purpose of billing clients called is known as:
a. timekeeping b. billing c. e-filing d. timeslip management e. reimbursement
What is the advantage of having a trial consultant handle the trial presentation program?
What will be an ideal response?