What are some of the factors that determine how much is paid when a law firm uses value billing?
What will be an ideal response?
The results achieved; the nature of the services provided; the complexity, novelty, and difficulty of the issues; the time pressure under which the services were provided, including any time limitations imposed by the client; the amount of responsibility assumed by the firm; the extent to which the services precluded the firm from taking other clients; the amount of money involved in the matter; the nature and length of the firm's relationship with the client; the efficiency with which the services were performed
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Define composite criterion and multiple criteria. Give some arguments for and against approach, and discuss either which you think is better to use and/or how the argument can be resolved.
What will be an ideal response?
In undisclosed agency, when the third party is not aware of the agency or the principal:
A) The principal is not liable for the contract with the third party. B) The agent is not liable for the contract with the third party. C) The principal and the agent are both liable for the contract with the third party. D) Any contract would be void, so there would be no liability as to it.
Although an opinion letter provides a legal opinion, it does not constitute the practice of law.
Answer the following statement true (T) or false (F)
A bill of sale must include the actual purchase price of the personal property sold with the real property.
Answer the following statement true (T) or false (F)