Answer the following statement(s) true (T) or false (F)
1. The Model Rules requires that contingent fee agreements be in writing, but the Model Code does not.
2. Lawyers may not share their legal fees with their paralegal/legal assistants, except for the fees that come from the clients that lawyers’ paralegals/legal assistants have personally brought to the firm.
3. Missouri v. Jenkins approves of paralegal fees being recoverable at their market rates under federal fee-shifting statutes that only mention the recoverability of attorney’s fees.
4. The key factor for whether paralegal/legal assistant fees are recoverable under fee-shifting statutes or case law is whether the attorney requesting the fees has clearly marked the paralegal/legal assistant’s work and demonstrated that it was supervised.
5. If properly supervised, paralegals/legal assistants may establish legal fees.
1. True
2. False
3. True
4. False
5. False
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On July 1, 20x5, Blaylock Corporation had 40,000 shares of its $100 par value common stock outstanding. On July 2, 20x5, Blaylock declared a 15 percent stock dividend to be distributed on August 6, 20x5, to shareholders of record on July 16, 20x5. What amount of retained earnings should be transferred to contributed capital because of this dividend?
A) None B) Market value of the stock at the date of distribution multiplied by the number of dividend shares C) Market value of the stock at the date of declaration multiplied by the number of dividend shares D) Par value per share multiplied by the number of dividend shares
Which of the following is not an argument presented in support of opponents of globalization?
A. Globalization encourages jobs to migrate to developing nations where there are lower standards, and thus lower costs. B. Prosperity generated by globalization results in improved environmental and health standards. C. The promise of export-led growth has failed to materialize in several places. D. There is a huge gap between the world's rich and poor and that globalization has caused that gap to increase. E. Globalization efforts in sub-Saharan Africa have produced only limited benefits, and the number of people there who are living in extreme poverty rose 43 percent between 1990 and 2010.
Customer service may include all of the following aspects except?
a. Flexibility b. Delivery cost c. Product support d. Empathy
Which of the following is not typically found in a company codes of conduct?
A. Statement of commitment to fair business practices and respect for relevant laws B. Statement of commitment to labor and environmental standards C. Statement of corporate citizenship and ethics D. Statement of accountability and enforcement practices