Joseph is an attorney who is being sued by a former client, Trudy, for malpractice. If a third party, ONNCO, Inc., was also injured during the incident, along with Trudy, ONNCO can also sue Joseph as well.
Answer the following statement true (T) or false (F)
False
In contrast to accountants and architects, attorneys are rarely held liable to third parties because the attorney's responsibilities are tied closely to the interests of the client. On the other hand, this does not mean that an attorney can be disrespectful, cruel, or vindictive to a third party. In fact, in one instance, the Ohio version of the Model Rules of Professional Conduct state quite specifically that an attorney cannot, "embarrass, harass, delay, or burden a third person." The rules also stipulate that an attorney cannot with knowledge "make a false statement of material fact or law to a third person."
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Which title of the U.S. Code governs the bankruptcy process?
a. Title 9 b. Title 11 c. Title 13 d. Title 7
A salary owed to employees is an example of an accrued expense.
Answer the following statement true (T) or false (F)
Accounting for capital leases can be thought of as similar to accounting for mortgage payments
Indicate whether the statement is true or false
For an organization, the number-one time waster is ______.
a. many e-mails and phone calls b. too many meetings c. employee tardiness and absenteeism d. excessive training